The Recession Could Have Been Much Worse

Andrew Sullivan —  Apr 16 2012 @ 11:41am

The most recent recession compared (pdf) to the Great Depression and international financial crises:


Calculated Risk captions:

Although the 2007 recession is much worse than any other post-war recession, the employment impact was much less than during the Depression. Note the second dip during the Depression – that was in 1937 and the result of austerity measures.