Recession of 2009/Tutorials

The United States economy

Percentage change at an annual rate

	2007	2008 I	2008 II	2008 III	2008 IV	2009 I
GDP	2.3	0.9	2.8	-0.5	-6.2
Consumption	2.2	0.9	1.2	-3.8	-4.3
Business investment	6.4	2.4	2.5	-1.7	-21.0
Residential construction	-19.0	-25.5	-13.3	-16.1	-22.2

(Source: US Department of the Treasury [1])

The United Kingdom economy

Percentage change at an annual rate

	2007	2008 I	2008 II	2008 III	2008 IV	2009 I
GDP	3.0	1.6	0.0	-2.8	-6.0
Household expenditure	3.3	3.8	-1.0	-0.8	-2.8
Fixed capital investment	7.2	-11.0	-5.0	-13.8	-8.9

(Source UK National Statistics [2])

Public Debt % of GDP

(2007 estimates)

Japan	Italy	Greece	France	United States	Netherlands	United Kingdom	Denmark	Ireland	China	Australia
170	104	89.5	63.9	60.8	45.5	43.6	26	24.9	18.4	15.6

(Source: CIA World Factbook [3])