... and GDP mostly held steady

Quarterly percent change in U.S. GDP, 1996-2022

−10.0

0.0

10.0%

2000

Dot-com bust

2005

Great Recession

2010

2015

Post-lockdown

recovery:

35.3%

2020

COVID-19

lockdowns:

-29.9%

Post-lockdown recovery: 35.3%

10.0%

0.0

COVID-19

lockdowns:

-29.9%

Dot-com bust

Great Recession

−10.0

2000

2005

2010

2015

2020

A bar chart shows the percent change in quarterly GDP from 1996 to 2022. Recessions in 2001, 2008 and 2020 are marked and in those times, GDP falls into the negative, but otherwise remains stable.