The problem with the recovery from the global financial crisis is not just lower growth rates, but still-depressed levels of activity.
Tag Archives: depression
Credit drought is killing Euro Zone expansion
It is both cheap and easy to blame the Q1 slowdown on bad weather. The real culprit is credit.
What is a depression?
For us, the key distinction between a depression and a recession is that a recession is a cyclical contraction of the economy that is both self-correcting and repeating.