Monday, October 19, 2009

How different is the current crisis from the Great Depression?

Barry Eichengreen and Kevin H. O’Rourke track the data in their useful text on They argue (as of September 1) that "World industrial production, trade, and stock markets are now showing signs of recovery. Still – today's crisis remains dramatic by the standards of the Great Depression"

1 comment:

Piatek said...

I have also found the article interesting. However I have an impression, that you do not agree with the thesis that the current crisis is over and we started recovery. Or at least that some of the countries mentioned (like Poland) already started recovery?