Monday, July 9, 2012

What’s next for the US – A recession or a recovery?

What would happen if the US economy were to experience another recession similar to the scale of the Great Economic Depression, 1929? Wouldn’t your life change dramatically? The unemployment rate would rise from 9% to 25%, economic output, as measured by the Gross Domestic Product (GDP) would drop by 25%, from $14 trillion to $10 [...]

Source: http://www.canadianpersonalfinance.com/whats-next-for-the-us-a-recession-or-a-recovery.html

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