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The Worst Economic Expansion Since World War II Was Even Worse Than You Thought

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Since the recession ended in June 2009, the economy has advanced at a 2.2% annual pace through the end of last year. That’s more than a half-percentage point worse than the next-weakest expansion of the past 70 years, the one from 2001 through 2007.

Eric Morath reports: The economic expansion—already the worst on record since World War II—is weaker than previously thought, according to newly revised data.

From 2012 through 2014, the economy grew at an all-too-familiar rate of 2% annually, according to three years of revised figures the Commerce Department released Thursday. That’s a 0.3 percentage point downgrade from prior estimates.

The revisions were released concurrently with the government’s first estimate of second-quarter output.

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“While there have been highs and lows in individual quarters, overall the economy has failed to break out of its roughly 2% pattern for six years.”

Since the recession ended in June 2009, the…

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