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Global Letter: The economic cost of recessions

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Recessions not only reduce output: they also reduce productive potential

It is a good moment to reflect on the teachings of those with long experience of recessions. One master was J. C. R. Dow, 1 in his definitive Major Recessions: Britain and the World, 1920-1995. 2

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Key Developments & Chart of the week

Dear Colleague,  The attached Key Developments contains our Chart of the Week and the key data and other information from this week that, in our judgement, bear most importantly on the core elements of our World View. Macro-series-Key-Developments-Chart-of-the-week-29...   Become a member to read the...

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Global Letter: The economic cost of recessions

Recessions not only reduce output: they also reduce productive potential It is a good moment to reflect on the teachings of those with long