Peak to trough, Irish GDP could well fall by 10% in real terms, and the bulk of that readjustment will fall on those least able to bear it.

During the Swedish recession depression of the early 90's, real GDP shrank a bit more than 4 %... It was without question the worst crisis we had since the Depression (which has resulted in people calling the current debacle "the worst things since the 90's crisis", not since the 30's), in spite of the fact that our economy kind of started turning to shit around 1970 and never really recovered, until a quarter of a  century later.

GDP per capita in real prices (funny how while growth as measured in percent slowly falls, it's pretty much constant when measured as an increase in absolute numbers).

Quite a number of people who lost their jobs 15 years ago got stuck in unemployment and are still there.

Peak oil is not an energy crisis. It is a liquid fuel crisis.