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The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world ... and established a 6% target as full employment. Thus ...
(May 1975) −3.2% The 1973 oil crisis, a quadrupling of oil prices by OPEC, coupled with the 1973–1974 stock market crash led to a stagflation recession in the United States. [65] [66] 1980 recession: January 1980 – July 1980 6 months 4 years 10 months 7.8% (July 1980) −2.2% The NBER considers a very short recession to have occurred in ...
The global recession of 1973–1975 proved more effective than the United Nations in ending the global demand for Rhodesian products, which made the Rhodesian recession especially severe. [153] Unlike South Africa, which had a sizable and long-standing white population, the white population of Rhodesia was much smaller and more recent.
It might be early to go full-on Doomsday Preppers, ... The Mid-’70s Recession. November 1973. March 1975. 1 year, 4 months. The Great Depression–Late ’30s. May 1937. June 1938.
When other assets take a hit, gold tends to hold its value, or even grow. In fact, during the recession of 1973-1975, gold surged by 87%. 6. Cut Unnecessary Expenses.
Nov 1973 36 +3.4% +5.1%: Growth resumed after the brief recession of 1969–70, but ended abruptly with the 1973 oil crisis. Inflation remained stubbornly high, and would soon rise to double digits despite stagnating growth, a phenomenon that came to be known as stagflation. Mar 1975– Jan 1980 58 +3.6% +4.3%
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OPEC oil price shock (1973) Energy crisis (1979) 1972–1973 Indian economic crisis; 1973–1975 recession; Secondary banking crisis of 1973–1975, in the UK; 1979–1980 Indian economic crisis; Latin American debt crisis (late 1970s to early 1980s), the "lost decade"