In recessions, the crisis, the overall income of the country decreases in a manner not anticipated. In 2009, the GDP of the euro area, we take as an example, had decreased by 4.5 % ; in 2020, it is expected to fall by around 8%. In addition, after the recessions, we observe that the loss of income (gross domestic product) is sustainable : growth returns, but it is not sufficient to operate a catch-up. The level of GDP remains permanently below the level it would have been without the recession, the crisis.

then There is a very important issue of economic policy, which are...

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Date Of Update: 13 June 2020, 08:33