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Housing`s Role in the Slow Recovery
Housing`s Role in the Slow Recovery

... the 1991 recession, private home construction had constituted 3.5 percent of GDP, and it increased its share of GDP without any major interruptions to 6.7 percent in 2005. This share was the highest it had been since the 1950s. Just like the boom, the bust that followed was also different from earli ...
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Presentation

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... primary expenditures to the GDP ratio hit 23.1 percent in the third quarter of 2014, which is the highest level recorded since 2008. This ratio fell slightly to 22.8 percent in the last quarter of 2014 and is expected to creep up to 22.9 percent in the second quarter of 2015 (Chart 6.1.2). On the ot ...
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Great Recession in Europe

The European recession is part of the Great Recession, which began in the United States. The crisis spread to Europe rapidly and affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe, as Ireland was the first country to fall in a recession from Q2-Q3 2007 – followed by temporary growth in Q4 2007 – and then a two-year-long recession.
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