Economic Depression:Economic Recession
Economic Depression:Economic Recession – The term Economic Depression is making headlines after Obama economic adviser Larry Summers revealed that fewer people are searching for the term “economic depression” on Google therefore consumer confidence is higher.Summers told the Peterson Institute for International Economics:
“We pledged at the time the Recovery Act became law that some of the spending and tax effects would begin almost immediately.,”“We also noted that the impact of the Recovery Act would build up over time, peaking during 2010 with about 70 percent of the total stimulus provided in the first 18 months. Now, five months after the passage, we are on track to meet that timeline. “
That’s all we have for now on Economic Depression:Economic Recession.
