Global Recession Risk Rises; IMF Lowers Growth Forecasts, Warns New Downturn Would Be Tougher to Tame

"The deep, prolonged decline, and the slow halting recovery is inevitable after a major systemic financial crisis," said Harvard economist Kenneth Rogoff, a former IMF chief economist, who has studied centuries of recoveries after banking crises.

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Bibliographic Details
Published in:The Wall Street journal. Eastern edition 2012-10-09
Main Authors: Reddy, Sudeep, Davis, Bob
Format: Newspaper Article
Language:English
Subjects:
Banks
Budget deficits
Economic conditions
Economic forecasts
Economic growth
Economic summit conferences
Economists
Emerging markets
Eurozone
GDP
Global economy
Gross Domestic Product
Inflation
Recessions
Tax increases
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Summary:"The deep, prolonged decline, and the slow halting recovery is inevitable after a major systemic financial crisis," said Harvard economist Kenneth Rogoff, a former IMF chief economist, who has studied centuries of recoveries after banking crises.
ISSN:2574-9579