The Rocky Road to Recovery
A consensus now exists that America’s recession – already a year old – is likely to be long and deep, and that almost all countries will be affected. Still, there is insufficient appreciation of some of the underlying problems facing the global economy, without which it is unlikely that the current global recession will give way to robust growth.
https://prosyn.org/hQdUwRh
NEW YORK – A consensus now exists that America’s recession – already a year old – is likely to be long and deep, and that almost all countries will be affected. I always thought that the notion that what happened in America would be decoupled from the rest of the world was a myth. Events are showing that to be so.