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Global Recession: How Deep and for How Long? C.P. Chandrasekhar and Jayati Ghosh

Global attention has now shifted from concern over the dimensions of the financial crisis to assessing how deep the real economic recession it has triggered would be and how long it would last. With the recession intensifying and projections turning more pessimistic, there are reasons to fear that a recovery expected in 2010 may not materialize.

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