How do the Great Recession and the 2020 pandemic in the economy compare or differ economy-wise?

1 answer:

5 0

The Great Recession and the 2020 pandemic differ in terms of the economy in terms of their scope, with price and unemployment indices varying for example.

<h3 /><h3>What can be learned from past recessions?</h3>

Experts can seek guidance from past recessions, but considering the differences between them, to mitigate losses, that is, through lessons learned in the past, decision-making for a future recession can be more effective.

Therefore, The Great Recession and the 2020 pandemic had different scopes, but some lessons and public policies can be favorable for a faster economic recovery.

Find out more about The Great Recession here:

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