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File:U.S. GDP - Real vs. Potential Per CBO Forecasts of 2007 and 2016.png

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Understanding the chart

The chart compares two CBO projections of real potential GDP (the GDP amount the economy could theoretically produce at full employment) with actual real GDP. It shows how the Great Recession of 2007-2009 has impacted the trajectory. It is an updated version of a chart first presented by economist Lawrence Summers in February 2014 [1] and was more recently updated in a New York Times article by Neil Irwin in August, 2016.[2]

Summary

Description
English: This chart compares U.S. potential GDP under two CBO forecasts (one from 2007 and one from 2016) versus the actual real GDP. It is based on a similar diagram from economist Larry Summers from 2014.
Date
Source Own work
Author Farcaster

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Date/TimeThumbnailDimensionsUserComment
current02:26, 21 July 2016Thumbnail for version as of 02:26, 21 July 20161,005 × 459 (21 KB)FarcasterUser created page with UploadWizard
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