By Seasn O’Grady
Sunday, 24 August 2008 Independent
All agree we’re close to recession. The revised GDP figures released last Friday pretty much confirmed that two successive quarters of negative growth – where the economy shrinks, which is the conventional definition of “recession” – cannot be far away. In case you hadn’t noticed, the economy ground to a halt in the second quarter of the year, and almost every leading indicator suggests that activity will slow further over the next year. But how bad will things get? And what will be the consequences? Read the rest of this entry »
In These New Times 