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.
Without a recession, the economy doesn't really experience a business cycle, just a period of a prolonged economic expansion. Between 1992 and 2000, the U.S. economy did not see a recession and set the record for the longest period of economic expansion without a recession.