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The Conversation USA

We are entering a recession – but what did we learn from the last one?

  • Written by Ken-Hou Lin, Associate Professor of Sociology, University of Texas at Austin
Families recovered from the Great Depression much more quickly than the Great Recession.Bettmann/Getty Images

As the coronavirus continues to spread around the world, it is abundantly clear that the global economy is entering a recession – the first we’ve seen since 2008.

Some officials have compared the last period of economic decline...

Read more: We are entering a recession – but what did we learn from the last one?

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