Recoveries From Severe Recessions Really Can Be Different Hot

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Multiple other analysts, however, point to the fact that the current recovery is five years old and that the unemployment rate has risen from 4.4% in the summer of 2007 to the current rate of 8.3%. It takes longer for housing prices and unemployment rates to bottom out after a severe crisis and the bottom is significantly lower.
Normal recessions are usually followed by a two-year recovery and a return to market trends. Since World War II, however, it usually takes GDP numbers four and a half years to reach pre-systemic crisis levels. Multiple indicators should be compared to pre-crisis levels to accurately assess the state of recovery. The good news is that recoveries from severe crises tend to be every bit as strong as those following a normal recession. Understanding when a severe recession has truly hit bottom is the key to understanding if a recovery is for real or simply a pause in a deeper move downward.

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