In the News

Ten reasons why a 'Greater Depression' for the 2020s is inevitable

Graham Watson

30th April 2020

Optimism isn't Nouriel Roubini's stock-in trade judging by this piece in the Guardian.

He predicts a sizeable economic depression, even bigger than the one associated with the global financial crisis.

Why? He identifies a number of factors: rising levels of debt, both public and private sector; demographic change, and ageing populations; deflation; currency debasement; digital disruption, de-globalisation; tensions within democracies; the ongoing China-US standoff; environmental disruption.

It's worth reading! Although you might not agree with all of this.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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