Monday, November 21, 2011

Recessions since 1947

Seems to be two ways they measured GDP. Percent changed based on current dollars and percent changed based on chained 2005 dollars.

Recessions based on current dollars:
1949 q1-q2
1953 q3-1954 q1
1957 q4-1958 q1
2008 q3-2009 q2
4 periods of recession

Recessions based on 2005 chained dollars:
1947 q2-q3
1949 q1-q2
1953 q3-1954 q1
1957 q4-1958 q1
1974 q3-1975 q1
1980 q2-q3
1981 q4-1982 q1
1990 q4-1991 q1
2001 q3-q4
2008 q3-2009 q2
10 periods of recession

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