Chart 4. The title is "Gross Domestic Product (GDP) Has Barely Declined." A line graph showing the index of real gross domestic product in quarters before and after the peak of the business cycle for the recession that began in second-quarter 2001 and for the average of the past five recessions, 1960-1991 (the 1980s double-dip recession is treated as one). The cycle peak is 100. For the current recession, the index was 93 eight quarters before the peak; it rose gradually and has stayed at the peak for three quarters. For the average of the past five recessions, the index was 92 eight quarters before the peak. It followed a path similar to that of the current recession up to the peak, but dipped below 100 in the three quarters following the peak before beginning to rise. It reached 104 eight quarters after the peak.