Posts Tagged ‘stock of financial’
Where is the economic situation?
February 11th, 2010
The late 2008 and early 2009 have confirmed the fears of economic recession. Many countries have experienced two consecutive quarters of declining GDP, the official definition of recession. This affects the forefront of the country "Triad" (United States, European Union, Japan).
The novelty is that the NBER (National Bureau of Economic Research) considers that the crisis in the United States began in late 2007. And it is deeper than just "shock" Financial. (more...)