09/17/2010 04:43 pm ET Updated May 25, 2011

Which Country Suffered The Worst Recession? Not America

The Great Recession in America more than earned that title. But by international standards, it was not that bad.

The recession caused a greater decline in gross domestic product in the United States than any American downturn since World War II. It is also in the process of setting the record for the longest downturn, measured in the time it takes for the economy to recover to its prerecession level.