Nowhere near enough:
Real GDP is still 0.8% below the prior cyclical peak, which was 11 quarters ago. Such a result is considerably worse than prior cyclical experience. Other “recent” recessions (since the 1970s) show that real GDP is usually more than 6% above the previous peak by now. Softer than usual consumption, housing, commercial real estate, and state and local government spending are the main reasons for the poor performance relative to history. –Jay Feldman, Credit Suisse
Via Economists React: Growth Remains ‘Too Weak’ – Real Time Economics – WSJ.