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Yet the theory that church attendance grows in times of economic crisis seems to be a myth.Last year David Beckworth, an assistant professor of Economics at Texas State University, examined historic patterns in the size of evangelical congregations and found that, during each recession cycle between 1968 and 2004, membership of evangelical churches jumped by 50%.
Again, fiscal policy from the IMF by year of the recession cycle: Still, R-R can't have mattered here, says Samuelson, because politicians were going to do what they were going to do regardless: Something similar can be said of British Prime Minister David Cameron.
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"Whenever there is a recession more people cycle and also when fuel prices go up," she said.
In both these cycles recession bit deeply into corporate earnings, while residential and commercial real estate values fell off the screen.
AlixPartners forecasts 13.6 million sales in 2013, and does not project that the industry will get back to its peak before the recession "in this current cycle".
That is the conclusion of an important new study that connects a long-term trend in the labor market with the business cycle of recession and rebound.
But others wondered whether the improvement was a flash that would fade once the stock market bubble burst and the nation passed through a fresh cycle of recession and recovery, as it has been doing for the last 18 months.
But if the recession was a vicious cycle — in which shrinking demand led to layoffs and wage freezes, which led to shrinking demand — we may finally be seeing the signs of a virtuous one.
Mr. Stournaras said the agreement in Brussels "creates the conditions to keep us in the euro zone and the opportunity to emerge from the vicious cycle of recession and indebtedness".
Like many in the industry, Sir Martin Sorrell, boss of WPP, the world's biggest advertising firm, fears a consumer-led double-dip recession.However the economic cycle turns, the advertising industry faces a long period of structural change, from which the winners are as yet hard to predict.
In the last two economic cycles, the recession was under way by the time more Americans thought jobs were hard to get than thought they were plentiful.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com