When Do We Start Calling This “The Greater Depression”? | Washington Center for Equitable Growth


Cumulative output losses relative to the 1995-2007 trends now stand at 78% of a year’s GDP for the United States, and at 60% of a year’s GDP for the Eurozone.

These are extraordinary magnitudes of foregone prosperity–prosperity that we were all confident was in our grasp back in 2007

via When Do We Start Calling This "The Greater Depression"?: (Early) Friday Focus for August 29, 2014 – Washington Center for Equitable Growth.

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