NJ5 on 08 October 2008
| steven787 said: Recessions(after 1970) last how long? 6-12 months? Even if this one last double, which it won't, the last two years of the term will see more jobs and massive growth. |
What makes you think this recession won't be worse than those?
According to IMF, both 2008 and 2009 will show a contraction... There's your two years already.
http://biz.yahoo.com/ap/081008/world_economic_outlook.html
EDIT - actually that's not what they say, but it's still an interesting read. I wouldn't be surprised if their predictions are optimistic either (probably based on high inflation which messes up growth statistics).
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