What was the GDP of the US economy like in the 4 quarters prior to the 2008 financial crisis stock market crash?


ChatGPT:

As an AI with a knowledge cutoff in September 2021, I can provide data from 2007 to 2008, which is the period leading up to the financial crisis that began in the latter half of 2008. However, please note that these values are estimates, as GDP figures are subject to revisions over time.

Here are the quarter-on-quarter real GDP growth rates for the US:

Q3 2007: Approximately 2.7%

Q4 2007: Approximately -2.1%

Q1 2008: Approximately 2.1%

Q2 2008: Approximately 1.8%

These figures show that there was significant volatility in the economy in the run-up to the financial crisis. Economic growth was positive but uneven, and there was a contraction in the last quarter of 2007.

However, it's important to note that the stock market crash, which is often considered the peak of the financial crisis, occurred in the fall of 2008. This is not directly represented in these figures, as the GDP figures reflect the overall economic output, not just stock market performance.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *