Economists expect a much shallower recovery than the past pattern would suggest. One of the deepest GDP decline followed by one of the smallest post war recovery. Not a great combination but forecasts can still be proven wrong.
Wednesday, July 29, 2009
Recoveries'Look
Via CalculatedRisk I came to this great chart from Macroblog on past recoveries and the forecasts for the current one.
Economists expect a much shallower recovery than the past pattern would suggest. One of the deepest GDP decline followed by one of the smallest post war recovery. Not a great combination but forecasts can still be proven wrong.
Economists expect a much shallower recovery than the past pattern would suggest. One of the deepest GDP decline followed by one of the smallest post war recovery. Not a great combination but forecasts can still be proven wrong.
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