DUBAI / WAM The Ministry of Health and Prevention (MoHAP) announced it has successfully redesigned ...
Read More »Was Great Recession worse than the Great Depression?
Here’s today’s economic quiz: Was the 2007-09 Great Recession more damaging than the Great Depression of the 1930s? Surely the answer is “no.” In the 1930s, unemployment reached 25 percent. By contrast, the recent peak in the jobless rate was 10 percent. Case closed. Not so fast, objects economist J. Bradford DeLong of the University of California, Berkeley. “Fifty years ...
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