Is this economy worse than past recessions?

July 7, 2008

Below is an articles posted by John W. Schoen, Senior Producer MSNBC on July 07, 2008:

Rising food and gas prices, falling home values and more job losses are making readers pretty gloomy. So just how bad is the current economic slump compared to other downturns?

There have been five official recessions in past 35 years. The most recent ones were fairly mild. So if you were born after 1965, you haven’t been through a nasty recession as an adult. Yet.

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