In the News
Ten reasons why a 'Greater Depression' for the 2020s is inevitable
30th April 2020
Optimism isn't Nouriel Roubini's stock-in trade judging by this piece in the Guardian.
He predicts a sizeable economic depression, even bigger than the one associated with the global financial crisis.
Why? He identifies a number of factors: rising levels of debt, both public and private sector; demographic change, and ageing populations; deflation; currency debasement; digital disruption, de-globalisation; tensions within democracies; the ongoing China-US standoff; environmental disruption.
It's worth reading! Although you might not agree with all of this.
The perfect storm and an L-shaped depression. 10 reasons to be far from cheerful. Essential reading for all Sixth Form economists.https://t.co/R8XM0SZr85
— RGSG Economics (@RGSGEconomics) April 29, 2020
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