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How Long Will The Economy Suffer?

By The Daily Dish

May 26 2009, 5:53 AM ET

James Kwak summarizes a presentation by IMF economist Marco Terrones:

Seven quarters of contraction and seven of recovery to previous peak don’t seem that bad. Of course, this is still just an estimate based on data going back to 1960, and there is nothing in that time period like what the world is going through today.

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