111. End This Depression Now!
- Publication Date:
- 06-2013
- Content Type:
- Journal Article
- Institution:
- Carnegie Council
- Abstract:
- It has been five years since the crash of the U.S. housing market plunged the global economy into a deep recession. And while the "Great Recession" has technically ended in the United States-the National Bureau of Economic Research, the official scorekeeper, determined that it did so in mid-2009-both the U.S. and global economies remain in a precarious state. Millions of people find themselves unemployed or underemployed, and for many who have jobs wages remain well below pre-recession levels. The net effect of this protracted period of subnormal economic activity has been nothing short of an "immense human disaster," writes Paul Krugman, winner of the 2008 Nobel Prize in Economics.
- Political Geography:
- United States