Unprecedented?

"The recent global crisis was the worst since the Great Depression of the 1930s, and it as deep enough to shake out not only the global economy and the financial systems of most major economies, but also conventional wisdom and accepted practices of economic policy-making (...) The recovery and return to normality is certainly long and painful in most developed countries."

Preface to The Great Recession: Lessons for Central Bankers (2013)



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