business current affairs economics

current downturn vs great depression

With all the furore over MPs expenses, swine flu, and Iran’s elections, it’s been easy to forget that there’s a major recession going on. After the bailouts, the stimulus packages, and the quantitative easing, things have gone a little quiet, but the economy has not yet turned a corner.

The new economics foundation’s triple crunch blog had a couple of interesting graphs on it last week showing how the current recession compares to the great depression. I won’t steal their thunder by explaining this one, but click on over and read the latest post by Josh Ryan-Collins.

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