3 ms·
If only there was a term for a prolonged economic retraction, like a recession, but longer and worse.
by freeone3000 6y ago
If only there was a term for a prolonged economic retraction, like a recession, but longer and worse.
- inetknght 6y agoA really long and protracted economic contraction is just depressing to think about.
- thesagan 6y agoGreat Recession! /s
- idoh 6y agoI like the terminology "y-shaped recovery". Basically, everything goes down at the start, then some things (and new things) emerge, and other things never recover. This seems like a more accurate way to think about the economy, in that new industries will emerge and some industries are going to never really recover.