Today the strategic forecasting firm Stratfor released a comparison report dealing with the “Geography of Recession“. I’ll let you subscribe to the actual post, but the main gist of it is that the US is far better off than its competitors at weathering the recession. What’s more, the US compares far favorably to China, and especially Russia. The chart below gives information on Russia’s massive GDP loss in one year. It omits China because of the particularly difficult and unique systems for measuring Chinese economic data.
Perhaps the most shocking thing for the lay reader is that Stratfor argues that the current recession is the worst one for the American economy since 1982… NOT the Great Depression.