The 1973-1975 Recession - Statistics & Facts

Key insights

Rise in OPEC oil prices per barrel 1972 and 1974
1.82 USD to 11 USD
Fall in annual GDP growth in the OECD from 1973 to 1975
6.3% to -0.4%
Major economy experiencing the largest drop in annual GDP growth

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U.S. foreign investment

Post-war and Golden Age economies

Impact of the 1973-1975 Recession

Changing employment and lifestyles

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