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To: Don Dodge who wrote (16813)9/5/1998 4:48:00 PM
From: Joseph G.  Respond to of 77400
 
I hope you don't think that US GDP has to go down by 50% for the effect to be noticeable. As a recent comparison, in early 1990's recession US real GDP dipped just 2%, in the major recession of 1982, it went down 4%. In the Great Depression of 1930 - 1942 US real GNP went down all of 13%.
Currently, Japanese GDP is down 5 - 6% (so far).



To: Don Dodge who wrote (16813)9/6/1998 3:13:00 AM
From: ed  Read Replies (1) | Respond to of 77400
 
Don,
For China's GDP, you have to mulitiply by two. Because about 50% of China's
economic activities is underground, and never recorded by the government. The Japanese government realize that.


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