American Policy is Working
The recent falls in output (GDP) in the American economy are a cause for serious concern. In the six months from October 2008, the total size of the economy shrank at an annual rate of just over 6 per cent. This is faster than any comparable period since the Great Depression of the 1930s. The most serious post-war recession to date was that of the early 1980s, and at its worst, in the winter of 1981/82, the annualized fall in output was -5.5 per cent.So what has… More »
