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1973–1975 recession
Period of economic stagnation in the Western world / From Wikipedia, the free encyclopedia
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The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world during the 1970s, putting an end to the overall post–World War II economic expansion. It differed from many previous recessions by involving stagflation, in which high unemployment and high inflation existed simultaneously.
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Percent change from preceding period in real gross domestic product (annualized; seasonally adjusted)
Average GDP growth 1947–2009
Source: Bureau of Economic Analysis