As of 2018 the U.S. economy appeared to be _____ the economic downturn now known as the Great Recession.
Question
As of 2018 the U.S. economy appeared to be _____ the economic downturn now known as the Great Recession.
Solution
As of 2018, the U.S. economy appeared to be recovering from the economic downturn now known as the Great Recession. After experiencing significant financial turmoil and recession from late 2007 to mid-2009, the economy showed signs of growth, with improvements in employment rates, consumer confidence, and overall economic indicators. By 2018, various sectors, such as technology, manufacturing, and services, were thriving, and there was a general sense of optimism about sustained economic expansion. While challenges remained, such as income inequality and trade tensions, the recovery phase marked a significant turnaround from the severe impacts of the recession.
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