The recession is over! It ended in Q2 2009.

It’s been a while since I last posted anything, but lately I’ve been hearing that the sky is falling. Most notably by the corporation for whom I work declining COLA (cost of living allowance) raises, promotions, etc. despite reporting record profits. So I did a little digging.

The recession started at the beginning of Q4 2008 and ended at the beginning of Q3 2009. The GDP declined a total of 16.97% during that period; but here’s the good news, since then, the GDP has rebounded to being only 5.91% below where it started out. Meaning that the economy has recovered 88.25% of what it lost. While that’s good, it’s not great ’cause during the same length of time the economy has not fully recovered. But here’s the good news. Things are looking up! Woohoo!