Sunday, May 6, 2012

Great Recession v Great Depression of 1930s

We have frequently heard the statement that we are� experiencing the worst recession since the 1930s, but data released from the ONS shows that the fall in GDP is actually more prolonged in the current 2008-12 recession than the Great Depression of the 1930s. source: Office of National Statistics (pdf): In terms of human misery [...]

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