The recession of 1973-1975 led to a drastic decline in industrial output in the OECD and EEC, falling from 9.3 and 8.5 percent growth respectively in 1973, to negative growth of -8.3 and -6.1 percent respectively in 1975. The greater range in the OECD's overall growth rate when compared to the European growth rates is largely driven by the fluctuation in Japan's industrial output in these years.
Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978
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Routledge. (December 31, 1993). Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/
Routledge. "Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978." Chart. December 31, 1993. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/
Routledge. (1993). Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/
Routledge. "Annual Growth of Industrial Output of The Organization for Economic Co-operation and Development (Oecd) and The European Community (Ec) from 1971 to 1978." Statista, Statista Inc., 31 Dec 1993, https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/
Routledge, Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978 Statista, https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/ (last visited November 22, 2024)
Annual growth of industrial output of the Organization for Economic Co-operation and Development (OECD) and the European Community (EC) from 1971 to 1978 [Graph], Routledge, December 31, 1993. [Online]. Available: https://www.statista.com/statistics/1234206/annual-industrial-output-oecd-eec-historical/
