Global Letter – The economic cost of recessions II

Share on twitter
Share on whatsapp
Share on facebook
Share on linkedin
Share on email

Listen to our reports with a personalized podcasts through your Amazon Alexa or Apple devices audio translated into several languages

en flag
zh flag
de flag
pt flag
es flag
Press play to listen
Recessions are expensive. Output is permanently lost; and often potential growth is reduced too. In an earlier Global Letter, 1 we reproduced path-breaking calculations made for the UK by the late Christopher Dow. Studying the evolution of post-recession, constant-employment, real output Dow concluded that each recession resulted in a persistent loss of output relative to what would have obtained had real GDP remained on its pre-crisis trend. Over time, these losses cumulated: in the pre-WWII period the shortfall of actual GDP below trend was 2.2% following the 1920-21 recession; widening
Register for FREE or log in to read the rest of this report.

Contact report analysts

Speevr exclusive event

US Election Series 2020

Roundtable: GOP Data Scientists on Big Data and US Election Polling

Scott Tranter

Optimus Analytics

Tuesday 11th August 2020 at 12:00 ET / 17:00 UK

RSVP to secure your spot for this event

Aggregate demand policy in a time of COVID

( 21 mins read ) Press play to listen Large increases in government expenditure generally necessitate restraint elsewhere However at present significant resources are lying idle: no such sacrifice is needed Hence increases in government exenditure currently need not be

Read More »

Cancer vaccines

( 3 mins read ) What it is Cancer vaccines enable people’s immune systems to target cancer cells, instead of an infectious agent, such as a virus or bacterium. They aim either to prevent cancer or to cure it. 1

Read More »

Technologies series: DNA data storage

( 4 mins read ) Press play to listen Vast volumes of data can be stored, condensed into DNA. What it is DNA data storage is the archiving and retrieving of data to and from synthetic strands of DNA. Data

Read More »

Global Letter – Tip of the iceberg

( 7 mins read ) Press play to listen The basic science has long been known: but the planet is warming faster than expected. COVID-19 is a sharp reminder of humankind’s fragility and its linkages with the natural world. Headlines

Read More »

Global Letter – The EU: on the money

( 6 mins read ) Press play to listen The EU’s recovery programme is a potential game changer for the economy and the single currency. Decisive moment In his memoirs, European visionary and revered French diplomat Jean Monnet asserted that:

Read More »

Global Letter: The economic cost of recessions

( 7 mins read ) Press play to listen 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.

Read More »

Macro series – The burden of Sisyphus

( 17 mins read ) Press play to listen Focus  The pandemic and the reaction to it will result in a surge in public sector liabilities. Gross G-7 debt is projected to rise to an all-time high of 140% of

Read More »

Follow our contributors on Twitter

"Risks and Opportunities for the Euro" https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_STU(2020)652751 . A study Daniel Gros and I did for the European Parliament on the prospects for enhancing the currency's international role.

Shinzo Abe presided over an astonishing period of stability in Japan. His successor promises continuity, but a recession, an aggressive China, and a possible second Trump term will make it difficult to deliver on that promise, @observingjapan argues.
https://trib.al/Bcbe1U8

I don't think I've read anything that lays bare America's "cold civil war" as well as @jbouie does here. https://www.nytimes.com/2020/09/25/opinion/trump-supreme-court-missouri-compromise.html

Pucha, qué DURA qué esta la economía argentina...
La economía argentina:
https://r24n.com/contenido/198177/primicia-exclusiva-alvarez-agis-remplazaria-a-martin-guzman-como-ministro-de-eco

mi nota de hoy en @Cronistacom #dolar #Crisis https://www.cronista.com/columnistas/El-problema-es-el-exagerado-poder-del-Instituto-Patria-20200924-0056.html

Hay que sacar a la política económica de la cuarentena

Compartimos nota que publicamos hoy con @MattigFran en @Cronistacom

https://www.cronista.com/columnistas/Hay-que-sacar-a-la-politica-economica-de-la-cuarentena-20200925-0020.html

Load More...
×

Table of Contents