Examining Likely Severity of Recession
ECRI
18-April-2008
With the economy in a recessionary downturn, the question on many people’s minds is how long and deep it will be. Certainly, in recent decades, recessions have been shallow and short – lasting just eight months each in 1990-91 and 2001. Is it reasonable to expect a repeat? ECRI’s latest analysis looks at the factors that affect the length and severity of recessions, and reveals surprising insights into the factors that could make the current downturn much worse than commonly expected.
This information is excerpted from a full report issued on April 17, 2008 to professional subscribers. For information on how to read the complete story and to subscribe to ECRI's services click this link.