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Looking back to the Great Recession

Looking back to the Great Recession

As the world gears up to head into a recession in a post-pandemic world, we can't help but look back at the Great Recession of 2007 - 2009, which caused economic chaos in recent times. 30 million people had lost their jobs, household net worth plummeted by 18 per cent, and there were more than $10 trillion in losses. So how did the US labor market recover from these dismal damages? And what lessons can we draw from the past to rectify our current day crisis? Read the whole article for deeper insights: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5959048/ 

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