Five Ways This Recession Is Different

Reda Farran

3 months ago3:22 mins

Five Ways This Recession Is Different

The world’s biggest economy is in a technical recession – data out last month confirmed that. But if this recession feels very different from the last big one, during the 2008-09 global financial crisis (GFC), that’s because it is. Here are five ways this time is different – and why that matters.

1. Inflation

At 8.5%, the US inflation rate is currently near a four-decade high. It’s also more than double what it averaged in 2008 (3.8%). What’s more, the inflation rate was in negative territory for most of 2009, meaning consumer prices were actually decreasing.

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