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Global Recession

By Benjamin J. Butler

 

Devon, UK

Do not say, "It is morning," and dismiss it with a name of yesterday. See it for the first time as a newborn child that has no name.

 

Rabindranath Tagore, Poet

 

For (London] homes worth more than £1.3m, the number of transactions is down 19 per cent compared with a year earlier, according to Knight Frank data based on the first seven months of the year. For property worth more than £3.3m, the drop is 25 per cent.

 

Financial Times

Six years after the world economy emerged from its broadest and deepest post-war recession, a return to robust and synchronized global expansion remains elusive.

 

Maurice Obstfeld, chief economist at the IMF, [admitting a global recession?]

I am sitting in an old room of the Old Postern building at the Darlington Estate. It's been here since 1380, I believe, and was the home of the Indian poet Tagore for some time. Now it's a ... Log in or subscribe to continue reading.


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