Detail Waiting For the Earth to Open; The Economy's Prospects   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8748 (Aug. 2011), page 27-28. Topik: Economic Forecasts; Stabilization; Recessions Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.67 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Hours after an earthquake struck America's east coast on August 23rd, office workers were still milling around the streets of Washington, DC and New York (above), nervously waiting for aftershocks. A similar watch over the economy is now under way. The earthquake that ripped through the American economy from 2007 to 2009 is still generating tremors. The latest may be the strongest yet. Since late July stockmarkets in America and round the world have nosedived, fearful that America is falling back into recession and that Europe's debt crisis will drag down its banks. Economists have long speculated that weak growth of this sort is like an aircraft's "stall speed", below which it risks falling out of the sky. A paper by Jeremy Nalewaik of the Federal Reserve has found that since 1978, whenever the economy has grown less than 1% in a given quarter, a recession has soon followed half to two-thirds of the time. That is not as helpful as it sounds. Aircraft flying slowly do sometimes crash but, more often, they land. Slow-growing economies that fall into recession are typically pushed, as some shock forces a pre-existing imbalance to tip them over. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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