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The Coming Greater Depression of the 2020s

While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy.

The world has long been drifting into a perfect storm of financial, political, socioeconomic, and environmental risks, all of which are now growing even more acute.

  • Nouriel Roubini
  • Project Syndicate

NEW YORK – After the 2007-09 financial crisis, the imbalances and risks pervading the global economy were exacerbated by policy mistakes.

So, rather than address the structural problems that the financial collapse and ensuing recession revealed, governments mostly kicked the…

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