A Recovery Less Robust Than in the ’70s

By FLOYD NORRIS
Published: May 6, 2011


TO judge by the stock market, the recovery from the Great Recession is much stronger than the one after the early 1970s recession, which followed the first oil price shock.

But by most other measures, the current recovery is far weaker.

Those two downturns were the longest since the Great Depression. The country’s economy took two years to regain its former size in the 1970s, and three years in the recent recession. In each case the stock market lost about half its value and then began a powerful rally a few months before the recession officially ended...

Full story:
http://www.nytimes.com/2011/05/07/business/economy/07charts.html?_r=1&partner=rss&emc=rss