How much of our Gross Domestic Product is at Risk? You be the judgegreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
Bureau of Economic Analysis
I couldn't find info for 1998, but I managed to find data from 1992 - 1997
As you examine each sector, do some thinking, and determine which ones you believe could have considerable risk. Finance? Transportation? Wholesale trade? Services? Public Utilities? Add up the percentages for all of the sectors you selected, see what you find, and feel free to post the percentage here.
-- Tim (email@example.com), July 22, 1999
Please use 1997 figures to maintain consistency in case anyone wishes to compile the results posted here.
-- Tim (firstname.lastname@example.org), July 22, 1999.
Thanks for the link, Tom! It helps to see the breakdown; still, I consider it too soon to accurately answer. Based on the percentages given I think the possible losses will range from 2 - 18% for year 2000. Any more than that and we're talking breakdown of social and economic fabric - all that stored food and ammo will only prolong the inevitable. How's that for vague? ^_^
-- G. Levin (email@example.com), July 22, 1999.
I've lived through the UK's electricity and coal miner's strike, which led to the government imposing a three-day working week. From that, I think we can safely say that loss of 40% of GDP is tolerable, at least in the short term (weeks). Probably much of the loss got made up again in extra work afterwards -- anyone know what the loss was for the year?
-- Nigel Arnot (firstname.lastname@example.org), July 22, 1999.