The Risk of a Double-Dip Recession is Rising
Aug 24, 2009 6:48PM
From the Financial Times:
The global economy is starting to bottom out from the worst recession
and financial crisis since the Great Depression. In the fourth quarter
of 2008 and first quarter of 2009 the rate at which most advanced
economies were contracting was similar to the gross domestic product
free-fall in the early stage of the Depression. Then, late last year,
policymakers who had been behind the curve finally started to use most
of the weapons in their arsenal.
That effort worked and the free-fall of economic activity
eased. There are three open questions now on the outlook. When will the
global recession be over? What will be the shape of the economic
recovery? Are there risks of a relapse?
This is a small excerpt of content available only to registered members of RGE's EconoMonitor community and RGE Clients.
To create a free account, please visit our Registration Page.
If you are an RGE Client, please log in to your account.
For information on becoming an RGE Client, please visit our Registration Page, email us or
speak with RGE Sales in NY at +1 212-645-0010 or in London at +44 (0) 203 056 4960.
