US economy enters second-longest expansion in history

The U.S. economy has entered its second-longest expansion since 1785.

The longest expansion took place between 1991 and 2001.

"There's little reason to think that the end of the expansion is in sight," said Cushman & Wakefield researcher Revathi Greenwood. "Tailwinds from the fiscal stimulus and the revival of emerging markets as a global growth engine bode well for the economy in the near term, and recent stock price volatility is probably telling us a lot more about investors’ reactions to earnings reports and their appetites for unpredictable policies, than anything about the business cycle."

An expansion is defined as a period when business activity surges and gross domestic product expands.

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