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Deflation and double-digit negative growth rates all over the world for quarterly GDP and industrial production figures are rather scary.
Interesting graphs that compare the current Great Recession with previous post-war recessions and the Great Depression are available at Quarterly Update: The Recession in Historical Context (pdf) by the Council on Foreign Releations.
Via MarketWatch: Biggest drop in industrial output since VE day:
Industrial production is down 13.3% since the recession began in December 2007, the largest percentage decline since the end of World War II.
Capacity utilization fell by a full percentage point to 69.3%, the lowest since the data series begins in 1967.
