At the beginning of 2010, the Office of Management and Budget of the United States predicted an average real gross domestic product (GDP) growth rate of 3.7% in 2016, the Congressional Budget Office estimated a growth rate of 3.3% for the same period, and the Federal Reserve predicted a growth rate of 3.5% to 4% by 2014. In fact, during the economic recovery period from 2010 to 2016, GDP growth rate fell to 2.1%, the lowest level in 80 years.