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IT HAS become known as the "Great Recession", the year in which the global economy suffered its deepest slump since the second world war.
During the early nineteen-seventies, they failed to foresee the stagflation that culminated in the recession of 1973-75, the deepest slump since the Second World War.
Newspaper industry revenue was already falling, and since then, media businesses, particularly newspapers, have slipped into their deepest slump in generations.
Instead, it has been the period when the economy has been recovering from its longest and deepest slump since the second world war that their use has rocketed.
Obama, facing the deepest slump since the nineteen-thirties, was more or less obliged to make the case for government activism and government programs.
Bernanke, who co-authored a popular textbook and then quit academia for a public life in which he led the Fed through the deepest slump since the nineteen-thirties, certainly fits the description.
Similar(38)
But the meetings business is now in a deep slump.
He was in a deep slump at the time.
That's an even deeper slump than previously forecast.
A deep slump saw GDP shrink by some 20% in 2009.
In this deep slump the numbers are so huge that they may pass us by.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com