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| U.S GDP Growth Rate Chart since 2005 |
- The U.S Economy contracted for four consecutive quarters post financial crisis in 2008.
- The economy registered a growth rate of around 7% in the first quarter of year 2005, more than the GDP growth rate of many emerging economies today. Such high growth rate in U.S during 2005- 06 led to very high GDP growth rate of 8 to 10% in emerging Asian economies such as India, China and Brazil who benefited from increased exports.
- With moderated GDP growth rate in United States and Europe, Asian economies such as India and China has seen moderation in GDP growth rate post Lehman Crisis.
