It is just such a long-term recession that the Fed is seeking to avoid.
If we can avoid a long-term recession that weakens parts of the economy, and instead achieve a structural transformation, that will drastically change the economic outlook.
A Chinese bond rating agency this week cut its rating of American government debt to single-A-plus, saying that "serious defects in the U.S. economy will lead to long-term recession and fundamentally lower the national solvency".
Now, as Russia's economy — pushed downward by Western sanctions and falling global oil prices — enters a period of long-term recession, with the G.D.P. expected to fall as much as four per cent this year, competition among these corporations has grown.
Now, as Russia's economy pushed downward by Western sanctions and falling global oil prices enters a period of long-term recession, with the G.D.P. expected to fall as much as four per cent this year, competition among these corporations has grown.
But concrete assessments as to whether sales were up over a year ago, and if so, whether they were enough to lift major retailers out of their long-term, recession-driven slumps, were not available.
In the long-term, recessions can have very negative effects on women's careers -- both at the individual and national levels.
A serious follow-up attack on the deficit would a) focus on the medium to long term, after the recession is well behind us; and b) aim to further improve our health care system.
The aim of this paper is to assess the long term consequences of the recessions of the 1980s and 1990s, and to look for early indications of the effect of the recession beginning in 2008.
For example, the recession of 1998 was linked to a banking crisis that had a negative influence on the long term growth rate; the 2000 recession corresponded to a period of political instability; and the 2009 recession, associated with the international financial and economic crisis, brought about a sharp contraction in output but it was rapidly overcome.
