ABU DHABI / WAM Following consultations and approval of President His Highness Sheikh Mohamed bin ...
Read More »How bad might it get? The Great Depression
As the economic carnage from the coronavirus pandemic continues, a long-forbidden word is starting to creep onto people’s lips: “depression.†In the 19th and early 20th centuries, there was no commonly accepted word for a slowdown in the economy. “Panic†was the term typically used for financial crises, while long slumps were commonly called depressions. Presidents such as James Monroe ...
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