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Economic hangover: recovery is likely to be prolonged, painful

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  • William R. Emmons

Abstract

It's time to pay the piper for our freewheeling spending of the past decade. Although some scenarios for the future economy provide reason to hope, the recovery is likely to be slow and volatile.

Suggested Citation

  • William R. Emmons, 2010. "Economic hangover: recovery is likely to be prolonged, painful," The Regional Economist, Federal Reserve Bank of St. Louis, issue Apr, pages 4-9.
    • Handle: RePEc:fip:fedlre:y:2010:i:apr:p:4-9
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    File URL: https://www.stlouisfed.org/publications/regional-economist/april-2010/economic-hangover--recovery-is-likely-to-be-prolonged-painful
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    Cited by:

    1. Nitz, Lawrence H., 2010. "Who Loses: An examination of losses in housing net worth, non-housing assets, and total savings from 2007 to 2008 among American families," MPRA Paper 24897, University Library of Munich, Germany.

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    Keywords

    Recessions; Economic conditions;

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