In the very first 1980s the american suffered an economic downturn. In 1980, the gross domestic product measured -0.3%. One year afterwards the GDP grew at 2.5% in 1982 it slipped to -1.9%. During this time the unemployment rate was rising. However, the good news was interest rates, had been previously sky high, were coming downwads. From 1983 to 1989 the GDP grew steadily, interest rates fell steadily and the unemployment rate fell too. In fact, the 1980s were a period of great prosperity, but the decade started, like this decade, in recession. In this article, assist compare economic downturn of earlier 1980s to our own most recent recession.
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