Next U.S. recession is likely to be shorter and milder GlobeInvestor
Since the end of the Second World War, recessions have generally become shorter and milder, while expansions have become longer and less frenzied.
In contrast, the downturn that followed the global financial crisis was much more like a pre-war economic crisis than any of its post-war predecessors Illiquidity and insolvency in large parts of the financial system between 2007 and 2009 propagated a much worse downturn in real economic activity than any of its 10 predecessors.The experience is seared into the collective memory, but it would be a mistake to assume the next recession will be as painful - confusing a worst-case scenario with the most likely expected outcome.
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