Determining Factors of Persistent Recession in Developed Economies
Journal Title: Revista Romana de Statistica - Year 2012, Vol 60, Issue 4
Abstract
Despite the apparent recovery, the economies of developed countries seem to enter again in recession. The most important signs of this possibility are the precarious state of the labor market, consumer skepticism and lack of confidence and a global debt crisis by which the national governments seem overcome. An additional worsening of the situation in any of these problem areas and in other, strongly connected areas, would be enough to trigger a new global economic crunch.
Authors and Affiliations
Alexandru BURDA, Sebastian CHIRIMBU
Keywords
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