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The risk of a double-dip recession is rising
The risk of a double-dip recession is rising By Nouriel Roubini Published: August 23 2009 18:55 | Last updated: August 23 2009 18:55 T he global economy is starting to bottom out from the worst recession and financial crisis since the Great Depression. In the fourth quarter of 2008 and first quarter of 2009 the rate at which most advanced economies were contracting was similar to the gross domestic product free-fall in the early stage of the Depression. Then, late last year, policymakers who had been behind the curve finally started to use most of the weapons in their arsenal.Expect the World Economy to Suffer Through 2009 (Political risk is a bigger factor than ever.) please read
By IAN BREMMER and NOURIEL ROUBINI (WSJ 1/23/09) Some optimistic experts are now saying that though this will be a turbulent year for global markets, the worst of the financial crisis is now behind us. Would it were so. We believe that 2009 will be tougher than many anticipate.
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