In their early 1980s north america suffered an economic downturn. In 1980, the gross domestic product measured -0.3%. The following year the GDP grew at 2.5% in 1982 it slipped to -1.9%. Make your best effort the unemployment rate was rising. However, the great news was interest rates, that had been previously sky high, were coming way down. 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 particular article, give compare the recession of the early 1980s to our own most recent recession.
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