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Until the recent recession, the deepest fall for the American economy since World War II was a 3.7 percent drop during the brief but steep downturn in 1958.
Then, the bursting of the US housing bubble caused a global economic crisis; the dramatic fall in exports led to the deepest fall in German GDP since 1945.
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Some countries, Britain among them, will add still gloomier scenarios to this, such as a deep fall in house prices.
Cigna's reinsurance protected the issuing companies from losses caused by a deep fall in the stock market.
The heightened fears are a puzzle to criminologists, who point out that over the past 15 years Britain has experienced a steady, deep fall in crime.
A few months ago, Britain appeared to be flirting with a renewed recession, after a deep fall in output in the final quarter of 2012.
It was also a deeper fall than during the last quarter of 2008, when the economy shrank a revised 14.4percentt on an annualized basis.
And now that we know the recovery is more than a year old, it appears that this cycle is combining the worst of both worlds: deep fall followed by slow recovery.
Though a big jump in less than a year, this recovery follows a deep fall in prices, when a shrinking economy, deflation, rising unemployment and the SARS virus all took their toll.
The price of gas is linked to the price of oil, but with a time lag; even though oil prices have recovered since the deep fall during the 2008 global financial crisis, gas prices have remained depressed.
The deep fall in real estate prices has helped many families afford decent housing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com