"Economists define a recession as two or more quarters of negative growth - and so when growth turns positive, no matter how anemic, they declare the end of recession. To workers, the economy is still in recession when unemployment is high, and especially when it is growing. To business, the economy is in recession so long as they see excess of capacity, which means the economy is operating below its potential. As long as there is excess capacity, they won´t invest."
.
No comments:
Post a Comment