The Evolving Expansion
Overview
The global economy has come a long way from the nadir of the 2008/2009 financial crisis. Now in the sixth year of positive economic growth, the expansion is longer than the historic average, but still showing signs of being relatively youthful. Of particular note are the disparate economic conditions across the globe. Europe and Japan have yet to show consistent progress toward sustained growth, while the U.S. has recently entered the middle stage of expansion. Only China appears in the late stages of growth.