page_title: Recession of 1953
hierarchical_section_title: Recession of 1953
caption_attribution_description: English: Quarterly GDP growth from 1951 to 1955, showing the Recession of 1953 in the United States The blue bar shows the Percent Change From Preceding Period in Real Gross Domestic Product (seasonally adjusted at annual rates) The red bar shows the average percent change in GDP growth from 1947 to 2009
context_page_description: In the United States the Recession of 1953 began in the second quarter of 1953 and lasted until the first quarter of 1954. The total recession cost roughly $56 billion. It has been described by James L. Sundquist, a staff member of the Bureau of the Budget and speech-writer for President Harry S. Truman as "relatively mild and brief."
context_section_description: In the United States the Recession of 1953 began in the second quarter of 1953 and lasted until the first quarter of 1954. The total recession cost roughly $56 billion. It has been described by James L. Sundquist, a staff member of the Bureau of the Budget and speech-writer for President Harry S. Truman as "relatively mild and brief."
caption: GDP growth from 1951 to 1955.
    Percent Change From Preceding Period in Real Gross Domestic Product (annualized; seasonally adjusted);   Average GDP growth 1947–2009
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