By 1992 the list of participating countries had grown to 140, and the timetable for ending production of CFCs advanced to 1996. This goal has largely been met. HCFCs pose less of a risk than CFCs because they decompose more readily in the lower atmosphere; nevertheless, they too degrade the ozone layer and are scheduled to be phased out by 2030.
From the end of 1984 until the eve of the Great Recession at the end of 2007, real personal consumption grew almost 37% more than the other components of real GDP. To a large extent, the secular growth of demand depended on the reliable rise in the spending of American households.
The National Bureau of Economic Research (NBER) dates the beginning of the recession as December 2007. According to the Department of Labor, roughly 8.7 million jobs were shed from February 2008 to February 2010, and GDP contracted by 5.1%, making the Great Recession the worst since the Great Depression.lan Greenspan was the Chairman of the Federal Reserve of the United States from 1987 to 2006. He was appointed by President Ronald Reagan in August 1987 and was reappointed by President Bill Clinton in 1996.