what before a economic recession
Published: Productivity and Potential Output before, during, and after the Great Recession, John G. Fernald. in NBER Macroeconomics Annual 2014, Volume 29, Parker and Woodford. 2015. National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org.
1 Retail Sales have dropped the most since before the last recession. The same is true with wholesale sales. 2  U.S. factory orders fell in December of 2015 by the most in a year, according to the Commerce Department.  Real U.S. GDP growth is slowing.