Forum: Is the Global Economy on the Brink of Recession?

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Series Details Vol.46, No.6, November-December 2011, p300-326
Publication Date November 2011
ISSN 0020-5346
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In 1937, in the midst of the US recovery from the Great Depression, President Roosevelt implemented spending cuts in pursuit of a balanced budget. Subsequently, the unemployment rate jumped nearly 6% over the next year and the US economy re-entered a major recession. In the midst of the current global recovery from the Great Recession, European and American policymakers again seem intent on pursuing the path of budget austerity. In light of slowing economic growth rates, shrinking consumer and business confidence, and stubbornly high unemployment figures, could it be that Western economies are ignoring lessons from the past?

A series of features:

+ Vanessa Rossi: Global Growth and Volatility – Turbulence Is the New Normal
+ Carmen M. Reinhart and Vincent Reinhart: Europe in the Decade After the Fall
+ Klaus Abberger: The Global Recession and the European Turnaround
+ Dean Baker: US Growth Prospects: Weak Recovery but No Double Dip
+ Justin Yifu Lin: A Pro-Growth Response to the Crisis

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