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Krugman predicts 'slow' recovery

Source: Independent
Helsinki : Finland | 2 months ago  
Views: 1
The global economic downturn has probably hit bottom though the recovery will be "slow and painful," said Paul Krugman (right), the Nobel Prize-winning economist. "The end of the world appears to have been postponed," Mr Krugman, a professor at Princeton University, said at a seminar in the Finnish...
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    The US economy shrank 1 per cent in the second quarter compared with the prior three months. The drop in GDP was the fourth in a row, the longest contraction since quarterly records began in 1947. The world's largest economy has shrunk 3.9 per cent...
  • News Source: Independent | 2 months ago
    The global economic downturn has probably hit bottom though the recovery will be "slow and painful," said Paul Krugman (right), the Nobel Prize-winning economist. "The end of the world appears to have been postponed," Mr Krugman, a professor at...
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