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Entering into the 3^rd quarter of 2015, the US is now 6 years removed from the trough of the 2007-09 recession. The chart above shows the progress of the subsequent recovery over those 6 years, and compares it relative to past recoveries dating back until 1980. The most recent GDP report showed the current economic recovery continues to move in the right direction. The 2^nd quarter annual rate of growth came in at 2.3%, and a previous 1^st quarter contraction of 0.2% was revised to a 0.6% expansion. However, this puts the first half of 2015 at a pace slower than the already meager 2% average annual rate of growth we have been experiencing since 2012. This sluggish growth has led to the weakest economic recovery in postwar history.

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