(2) Economic recession in the 70s: In the 1970s among the developed countries, Britain maintained the lowest growth rate and the highest inflation rate, and the high record of trade deficits. 翻译结果4复制译文编辑译文朗读译文返回顶部 正在翻译,请等待... 翻译结果5复制译文编辑译文朗读译文返回顶...
But in the previous recessions of the 1970s, 1980s and 1990s, older workers werealso kicked out. This time is different. During the financial crisis in 2008, and since, they have done better than otherage groups.The researchers focus on changes in “non-employment" as a share of the ...
Is the Longest Baby Recession Since 1970s Ending?
Young people always suffer in recessions.Employers stop hiring them; and they often get rid of new young people because they are easier to fire.But in the previous recessions of the 1970s,1980s and 1990s,older workers were also kicked out.This time is different.During...
根据第二段中的“But in previous episodes, such as the recessions of the 1970s, 1980s and 1990s, older workers were also kicked off. This time is different. During the financial crisis in 2008, and since, they have done better than other age groups.”可知,在上世纪70年代、80年代和90年代...
2. (Ecclesiastical Terms) the withdrawal of the clergy and choir in procession from the chancel at the conclusion of a church service 3. the act of receding 4. (Building) a part of a building, wall, etc, that recedes [C17: from Latin recessio; see recess] recession (riːˈsɛ...
was caused by the crash of the 1929 stock market. OPEC’s oil embargo resulted in the 1970s recession. The Great Recession of 2008 came about from the subprime mortgage crisis. The 2020 recession was caused by the Coronavirus pandemic. And now in 2022, we’re seeing some of that fallout...
When consumers spend less, the demand for goods and services falls. Once that happens, prices tend to drop, slowing down inflation. But there are exceptions. It's possible for inflation to rise during a recession, as it did in the 1970s. That's when gas prices shot up because the ...
'Back to the 1970s' The newspaper added: "President (Joe) Biden inherited a growing economy primed to roar back from the pandemic, and in barely a year and a half has dragged America back to the 1970s. The best word for what we have now is stagflation, the ugly combination of slow ...
1970: This recession lasted from December 1969 to November 1970, a total of 11 months. Before this, military spending had increased in the 1960s due to US involvement in the Vietnam War. As you can see, anything from global conflict to risingcommodity pricescan spark a recession as the ec...