Back in 2008, at the beginning of the recession, lots of people said it was just like the 1980s. It would be a quick, sharp shock, followed by a return to business as usual. After all, since the end of World War 2, most recessions have lasted less than 10 months.
Yet, years later, the world is still dragging its way through the troughs. Why has it taken us so long to turn the corner?
In this module you will learn what is involved in a traditional recession – and why this time, it really is different.