The Recession in Perspective: Global Growth 1951-2010
15 Mar 20102009 wasn’t as bad as first thought, but it was still pretty bad.
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2 Responses to The Recession in Perspective: Global Growth 1951-2010
ToTheEnd
March 16th, 2010 at 5:31 am
Interesting chart… and it shows a different thing that might be more problematic on a long run: the smallest growths or recessions happened within the last 20 years over a 60 years period.
In other words, with another graph, you would see that GDP is more and more smaller or negative within the last 20 years and the trend is not good for almost all occidental countries.
T
cristine
March 26th, 2010 at 9:40 am
Great site. If the government continues to borrow and spend trillions of dollars then GDP will rise. Within a positive environment of institutional stability and technological advances, the degree of individual willingness and abilities is what ultimately facilitates the more productive use of economic resources and the accumulation of capital necessary for future economic growth.