Comments on: GDP Fell 1% in Second Quarter http://www.fundmasteryblog.com/2009/07/31/gdp-fell-1-in-second-quarter/ Mutual Funds, Investing, Retirement, Economy, Personal Finance Wed, 08 Sep 2010 02:02:23 +0000 http://wordpress.org/?v=2.3.1 By: Kurt Brouwer http://www.fundmasteryblog.com/2009/07/31/gdp-fell-1-in-second-quarter/#comment-3224 Kurt Brouwer Sat, 01 Aug 2009 00:45:58 +0000 http://www.fundmasteryblog.com/2009/07/31/gdp-fell-1-in-second-quarter/#comment-3224 Mark--if memory serves, the post WWII decline in GDP was approximately 13%. Short, but very steep. Mark–if memory serves, the post WWII decline in GDP was approximately 13%. Short, but very steep.

]]> By: Mark A. Sadowski http://www.fundmasteryblog.com/2009/07/31/gdp-fell-1-in-second-quarter/#comment-3220 Mark A. Sadowski Fri, 31 Jul 2009 23:15:16 +0000 http://www.fundmasteryblog.com/2009/07/31/gdp-fell-1-in-second-quarter/#comment-3220 Kurt, We don't have quarterly GDP figures for the contractions of 1946, 1937-1938 or 1929-1933 of course, but I'll fathom a guess that the first two of these contractions were probably briefer so this probably is the first full year of declining GDP since the contractionary phase of the Great Depression. It also is a 3.9% decline from peak in quarterly GDP so this now beats the 1958 recession in that regard and so this is the greatest decline in quarterly GDP since the post-WW II recession. Kurt,
We don’t have quarterly GDP figures for the contractions of 1946, 1937-1938 or 1929-1933 of course, but I’ll fathom a guess that the first two of these contractions were probably briefer so this probably is the first full year of declining GDP since the contractionary phase of the Great Depression.

It also is a 3.9% decline from peak in quarterly GDP so this now beats the 1958 recession in that regard and so this is the greatest decline in quarterly GDP since the post-WW II recession.

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