The next longest period during which year-ended growth remained positive was the 13 years between 1961 and 1974. 1 In the 1970s and 1980s, growth phases typically lasted only seven or eight years before another recession hit. As I mentioned, no other developed economy has experienced uninterrupted growth over the past 20 years.
In fact, many developed economies have experienced two episodes of negative growth during that period: one in 2001 following the collapse of the dot-com bubble; and one in 2008 following the collapse of the US sub-prime housing bubble.