As Carmen Reinhart and I argue in our new book This Time is Different: Eight Centuries of Financial Folly , the Great Recession is better described as “The Great Contraction,” given the massive and simultaneous contraction of global credit, trade, and growth that the world has experienced.
Ainsi que Carmen Reinhart et moi le notons dans notre nouveau livre This Time is Different: Eight Centuries of Financial Folly , étant donné la contraction massive et simultanée du crédit, du commerce et de la croissance à travers le monde, on pourrait qualifier plus justement la Grande récession de Grande contraction.