July 10, 2015

Greece's Depression vs. the Great Depression

One chart is worth a thousand words (courtesy of the New York Times):


Gross domestic product

U.S. 1933
Greece 2013
–26%
–26%
+5%
0
–5
–10
–15
–20
–25
–30
1929
1930
1931
1932
1933
1934
1935
1936
2007
2008
2009
2010
2011
2012
2013
2014
Percentage change in annual G.D.P. since 1929 in the U.S. and since 2007 in Greece

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