claim: stabilizing the recent financial crisis "will cost less than 1 percent of gdp," which is less than the 2.5 percent to fix the savings and loan crisis of the 1980s.
author: barack obama
evidence_1: apr 12, 2012 ... were able to put out the financial fires at much lower cost and with much less  overall economic damage than occurred during a broad mix of ... real gdp,  percent fall from pre-recession peak. -6%. -5%. -4%. -3%. -2%. -1%. 0%. pre- recession peak. 1. 2. years since pre-recession gdp peak. 2007 - 09 ...
evidence_2: jul 14, 2017 ... 56. b. china has some fiscal space, but less than headline debt figures  suggest ... since the global financial crisis (gfc), they have ... 25 percent of  gdp. 2. high savings are at the heart of china's external and internal imbalances . while insufficient national savings can pose financing constraints for ...
evidence_3: remittances, a significant catalyst for economic growth, declined from 12-15% of  gdp before the 2008 financial crisis to 5.8% of gdp in 2015, mostly from ...  algeria's foreign exchange reserves have declined by more than 40% since late  2013 and its oil stabilization fund has decreased from about $75 billion at the end  of ...
evidence_4: jun 19, 2000 ... this brief updates a paper entitled the imf's response to the asian crisis that  was issued in january 1999. ... upturn that began in the last quarter of 1998, less  than one year after the darkest days of the crisis, is expected to deliver growth of  8 percent in 2000 and there is upside potential to this forecast.
evidence_5: jul 28, 2010 ... the u.s. government's response to the financial crisis and ensuing great  recession included some of the most ... gdp in 2010 would be about 11.5%  lower, payroll employment would be less by some 8½ million jobs, and ... ing— we estimate that the latter was substantially more powerful than the former.