Publication
Dec 2010
In this paper, the authors argue that it is crucial to distinguish between normal recessions and recessions which are associated with a crisis, in order to classify the current recovery in the historical context. The recovery of the world economy is evolving with a considerable degree of heterogeneity across countries: while the recovery in emerging countries, in particular in Eastern Asia, was very pronounced, it was disappointingly slow in most advanced economies.
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English (PDF, 11 pages, 215 KB) |
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Author | Nils Jannsen, Joachim Scheide |
Series | Kiel Institute Policy Briefs |
Issue | 22 |
Publisher | Kiel Institute for the World Economy |
Copyright | © 2010 The Kiel Institute for the World Economy |