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Most people would agree that recessions are terrible things, they cause widespread fear amongst people that will be anxious about their savings, their livelihood or even their next meal. On a nationwide level, economic downturns are events akin to natural disasters, they do massive damage and for the most part are widely accepted by society as an “inevitability”, rather than a “rarity” …

But do we really need recessions?

#recession #economicsexplained #financialcrisis

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