What happened during the financial crisis?

Which countries have struggled with the aftermath of a financial crisis long, long after it happened?

• Argentina (in)famously defaulted on its debt in the early 2000s and is still paying the price (no pun intended). Are there countries that have faced very long-run stunted growth as a result of a financial crisis far in the past? Edit: The U.S. would not be an example. The financial crisis of the late 1920s and early '30s did stunt growth for a decade, but that didn't stop it from tremendous growth in the '50s and '60s.

• Answer:

  The United States had a period of prolonged negative and low GDP growth during the http://en.wikipedia.org/wiki/Great_Depression. Below you can see charts that show about a decade's worth of stunted growth and very high unemployment beginning around the http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929. This is a chart of unemployment: This is Real GDP: This pattern was not unique to the United States. It was common across many countries during this time period. Source for charts: http://en.wikipedia.org/wiki/Great_Depression_in_the_United_States EDIT: The question details have just been edited to explicitly exclude the U.S. part of this answer. Not sure exactly why, so I'm sorry if that answer was unhelpful. But LOTS of other countries experienced the de-leveraging of the 1920's besides the US and not all had the same postwar growth. You can find info by country here: http://en.wikipedia.org/wiki/Great_Depression#Effects Also, to provide another non-Great Depression example, you could look at Japan. After the collapse of the http://en.wikipedia.org/wiki/Japanese_asset_price_bubble, there have been decades of low growth with periods of negative GDP growth: Also looking at the question details, it's probably important to note that Argentina is a bit different. They actually haven't experienced a period of prolonged low growth since 2001. Argentina actually saw some periods of high growth between 2002 and 2010: Chart subtitle: The economic performance of Argentina (100 = Latin American average GDP per capita PPP) Anyway hope that is helpful. Sources: http://en.wikipedia.org/wiki/Economy_of_Argentina#GDP_by_value_added http://en.wikipedia.org/wiki/Economy_of_Japan