How much did the U.S. GDP fall from July 1 2008 to June 30 2009?

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2026-02-18 05:20

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From July 1, 2008, to June 30, 2009, the U.S. GDP experienced a significant decline, contracting by approximately 4.3%. This period corresponds with the height of the Great Recession, which was triggered by the financial crisis of 2007-2008. The drop reflected widespread economic distress, including high unemployment rates and reduced consumer spending.

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