by Library of Congress, Congressional Research Service in [Washington, DC] .
Written in English
|Statement||by Everson W. Hull|
|Series||Major studies and issue briefs of the Congressional Research Service -- 1982-83, reel 9, fr. 0105|
|Contributions||Library of Congress. Congressional Research Service|
|The Physical Object|
|Number of Pages||41|
Get this from a library! Recession in , economic risks and prospects: the financial situation. [John B Henderson, (Legislative analyst); Library of Congress. Congressional Research Service.]. Recession in economic risks and prospects: the U.S. economy in recession and recovery: the prospects and risks in and beyond Author: Craig Kent Elwell ; Library of Congress. Recession in , economic risks and prospects: examining the monetary causes of the economic slowdown. [Everson W Hull; Library of Congress. Congressional Research Service.]. Large-scale public works expenditure (pump priming), tax cuts, interest rate adjustments, and deficit spending during recession are among the measures that have been taken to reduce the severity of periodic economic downturns such as those experienced in the United States in and internationally in the early s and s.
A decade ago, the global economy was reeling under the impact of the deepest global recession in the post-World War II period. In , emerging market and developing economies (EMDEs) weathered the global recession relatively well. However, following a short-lived initial rebound in activity in , the global economy, and especially EMDEs. The recession of the early s doesn’t have a catchy name, and many Americans are too young to remember it. But indicators say that these were worse times then. for both developed and emerging countries. In a report assessing economic prospects, the Bank has predicted that the world’s annual economic growth will slow down to percent in from percent in The rate of growth for emerging economies is expected to be around percent, down from percent in File Size: 42KB. A recession will also dampen a company's accounts receivable (AR). Customers who owe the company money may make payments slower, later, or not at .
Prior to the recession, the recession was the worst economic downturn in the United States since the Great , the nearly 11 percent unemployment rate reached late in remains the apex of the post-World War II era (Federal Reserve Bank of St. Louis). Mr. David Stockman has said that supply-side economics was merely a cover for the trickle-down approach to economic policy—what an older and less elegant generation called the horse-and-sparrow theory: If you feed the horse enough oats, some will pass through to the road for the sparrows. Others have referred to it as the Willy Sutton syndrome. Republicans, like the late Mr. Sutton, always. ''There are major changes going on in book publishing, in book selling that may not directly be the result of the recession, and some of these things will survive the recession. However, their growth prospects weakened since then, and many have less policy space. A Decade After the Global Recession provides the first comprehensive stock-taking of the decade since the global recession from the perspective of emerging market and developing economies. Many of these economies have now become more vulnerable to economic shocks.