Are We Heading Towards Another Great Recession, or Even Great Depression?

The Multiversity Project

description

Politico reporter Victoria Guida explains the specific similarities and differences between the coronavirus recession, the 2008 Great Recession, and the 1929 Great Depression. Could we be heading towards another Great Recession? Or even a Great Depression?

The difference between a recession and a depression is the length of time it lasts. We're already in a recession, and if the economy can't recover, depression could be just around the corner.

Might we be heading towards an economic downturn that lasts a decade or more?

FULL EPISODE: https://youtu.be/F8vO-JwEFoo

For more information, check out some articles by Victoria:

https://www.politico.com/news/2020/03/24/federal-reserve-coronavirus-147342 https://www.politico.com/news/2020/03/16/big-banks-coronavirus-onslaught-132997 https://www.politico.com/news/2020/03/23/small-businesses-slammed-by-coronavirus-plead-for-quick-help-144069 https://www.politico.com/news/2020/03/15/fed-unveils-emergency-action-effort-to-support-economy-from-coronavirus-130608

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