2021 Ohio Bankers Day

The 2020 Reverse ‐ Radical Recession in Comparison to Past Recessions

100 102 104 106

88 90 92 94 96 98 Real GDP Indexed to 100 at Expansion Peak

0

1

2

3

4

5

6

7

8

9

10

Quarters Since Expansion Peak

1949

1953 ‐ 54 1990 ‐ 91

1957 ‐ 58

1960 ‐ 61 2008 ‐ 09

1970

1974 ‐ 75

1981 ‐ 82

2001

2020 Actual

2020 Forecast

U.S. Publically Held Debt ‐ to ‐ GDP

160%

140%

120%

100%

80%

60%

40%

20%

0%

Jan ‐ 93

Jan ‐ 94

Jan ‐ 95

Jan ‐ 96

Jan ‐ 97

Jan ‐ 98

Jan ‐ 99

Jan ‐ 00

Jan ‐ 01

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Jan ‐ 03

Jan ‐ 04

Jan ‐ 05

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Jan ‐ 07

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Jan ‐ 09

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Jan ‐ 21