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Determining Factors of Persistent Recession in Developed Economies

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Author Info

  • Alexandru BURDA

    (“Dimitrie Cantemir” Christian University)

  • Sebastian CHIRIMBU

    (“Spiru Haret” University)

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    Abstract

    Despite the apparent recovery, the economies of developed countries seem to enter again in recession. The most important signs of this possibility are the precarious state of the labor market, consumer skepticism and lack of confidence and a global debt crisis by which the national governments seem overcome. An additional worsening of the situation in any of these problem areas and in other, strongly connected areas, would be enough to trigger a new global economic crunch.

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    File URL: http://www.revistadestatistica.ro/suplimente/2012/4/srrs4_2012a30.pdf
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    Bibliographic Info

    Article provided by Romanian Statistical Review in its journal Romanian Statistical Review Supplement.

    Volume (Year): 60 (2012)
    Issue (Month): 4 (November)
    Pages: 195-200

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    Handle: RePEc:rsr:supplm:v:60:y:2012:i:4:p:195-200

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    Related research

    Keywords: Recession; consumption; unemployment; debts; taxation; crisis; consumer;

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