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What was the largest percentage decline in Real GDP in the recession since 1971? Duration Percentage Peak Dates (Months) Decline in Real Unemployment GDP Rate

What was the largest percentage decline in Real GDP in the recession since 1971?

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Duration Percentage Peak Dates (Months) Decline in Real Unemployment GDP Rate Aug. 1929-Mar. 1933 43 35.4% 24.9% May 1937-June 1938 13 9.4 20.0 Feb. 1945-Oct. 1945 8 23.8 4.3 Nov. 1948-Oct. 1949 11 9.9 7.9 July 1953-May 1954 10 10.0 6.1 Aug. 1957-Apr. 1958 8 14.3 7.5 Apr. 1960-Feb. 1961 10 7.2 7.1 Dec. 1969-Nov. 1970 11 8.1 6.1 Nov. 1973-Mar. 1975 16 14.7 9.0 Jan. 1980-July 1980 6 8.7 7.6 July 1981-Nov. 1982 16 12 3 10.8 July 1990-Feb. 1991 8 2.2 6.5 Mar. 2001-Nov. 2001 8 0.6 56 Dec. 2007-June 2009 18 4 1 10.0 Mar. 2020-May 2020 32 0 14.7

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