Recession shapes
Videos
Recession shapes, or recovery shapes, are terms used by economists to describe different types of recessions and their subsequent recoveries. There is no specific academic theory or classification sys
V-Shape: US 1953 recession Percent Change in Real GDP (annualized; seasonally adjusted); Average GDP growth 1947–2009 Source: BEA
U-Shape: US 1973–75 recession Percent Change in Real GDP (annualized; seasonally adjusted); Average GDP growth 1947–2009 Source: BEA
L-Shaped: Lost Decade in Japan. Percent Change in Real GDP (annualized; seasonally adjusted); Average GDP growth 1950–2000 Source: Penn World Tables
Great Recession
Videos
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and tim
A bank run at a branch of the Northern Rock bank in Brighton, England, on September 14, 2007, amid speculation of problems, prior to its 2008 nationalisation
Relationship between fiscal tightening (austerity) in eurozone countries with their GDP growth rate, 2008–2012
Sydney's financial district at night. Throughout the Great Recession, the Australian economy remained resilient and stable.
The anti-austerity movement in Spain, May 2011