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Krugman says world avoided second Great Depression

Source: Belleville News-Democrat

Kuala Lumpur : Malaysia | 3 months ago

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Aggressive stimulus spending by governments helped the world avoid a second Great Depression but full economic recovery will take two years or more, Nobel Prize-winning economist Paul Krugman said Monday. Krugman said the worst of the global crisis was over with economic and exports growth showing...

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News Stories

Krugman: Big Government Prevented a Second Depression

News Source: Truthdig | 3 months ago

Aug 10, 2009 The Nobel Prize-winning economist writes that “around a million more Americans are working now than would have been employed without [the President’s stimulus] plan — a number that will grow over time ... .” He also argues that...
Asia recovers faster from economic crisis: economist

News Source: Xinhuanet.com | 3 months ago

Asian countries will recover faster from the prevailing economic crisis compared with the West, an economic expert said here Monday. Paul Krugman, economy professor of Prince University in the United States, said Asian countries were relying...
Budget deficit deemed 'a friend' amid crisis

News Source: Business World | 3 months ago

A budget shortfall may yet prove to be a "friend" of governments reeling from the global downturn, as they strive to raise spending on projects crucial to prodding their respective economies, a Nobel laureate yesterday said...Krugman, who won the...
Economists warn against over-optimism in global recovery

News Source: Channel NewsAsia | 3 months ago

Renowned world economists, among them Nobel prize winner Paul Krugman, have warned against over-optimism in anticipating a global economic recovery next year. Professor Krugman said that the world has managed to avoid a second Great Depression but...
Australian loans grow; Japan appears gloomy

News Source: The Globe & Mail | 3 months ago

Reuters Last updated on Monday, Aug. 10, 2009 07:02AM EDT R ecord low interest rates kept Australian home loans growing for the ninth consecutive months, reflecting a growing recovery down under, though expected weakness among Japanese manufacturers...
Krugman says world avoided "Great Depression 2.0"

News Source: Channel NewsAsia | 3 months ago

The world has avoided a "Great Depression 2.0" but it will take at least two years for the global economy to make a full recovery, Nobel prize-winning economist Paul Krugman said on Monday. Krugman said in a speech to an international business forum...