Why the Global Recession Could Last Longer Than You Think
“Fears are growing that the worldwide economic downturn could be especially deep and lengthy, with recovery limited by continued anxiety”
• The losses to companies, many already saturated with heavy debt, risk triggering a financial crisis of cataclysmic proportions.
• How long it last is uncertain, but if it persists, it will be the “mother of all financial crises”
• So long as some parts of the world economy were growing, that supposedly moderated the impact of a downturn in any one country.