Global Financial Crisis: A Long Way from Recovery

While there are optimists who expect a revival in the economic downturn in the United States, a downturn which has had a negative impact on the emerging markets, the pessimists counter that there will soon be more financial turmoil as the housing crisis, credit contraction and losses worsen. With th...

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Veröffentlicht in:Economic and political weekly 2008-09, Vol.43 (36), p.16-19
1. Verfasser: Chithelen, Ignatius
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description While there are optimists who expect a revival in the economic downturn in the United States, a downturn which has had a negative impact on the emerging markets, the pessimists counter that there will soon be more financial turmoil as the housing crisis, credit contraction and losses worsen. With the balance heavily tilted towards the bearish case, this article argues that most economies and financial markets around the world are likely to be flat or down over the next few years.
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source Jstor Complete Legacy
subjects Commentary
Economic crises
Economic recessions
Economics
Federal Reserve Bank
Financial economics
Housing
Inflation rates
International economics
Market prices
Mortgage loans
title Global Financial Crisis: A Long Way from Recovery
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