1. Five Surprises of the Great Recession
- Author:
- Uri Dadush and Vera Eidelman
- Publication Date:
- 11-2010
- Content Type:
- Policy Brief
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- The Great Recession included five major surprises: (1) the severity of the global trade and output collapse, (2) the United States suffered a milder than expected recession, (3) Europe saw the onset of a severe sovereign debt crisis, (4) China grew at an extraordinary rate even though it's greatly dependent on exports, and (5) Latin America showed remarkable resilience.
- Topic:
- Economics, Globalization, Global Recession, and Financial Crisis
- Political Geography:
- United States, China, Europe, and Latin America