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 |
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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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