Discussion Paper

The Global Recovery: Lessons from the Past


Abstract: The downturn in global economic activity caused by the COVID-19 pandemic was unique both for its causes and for its severity. Even though, on a global scale, the recent contraction is unprecedented in modern times, it is useful to look at the consequences of large recessions which affected individual countries in the past.

https://doi.org/10.17016/2380-7172.2931

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2021-06-22

Number: 2021-06-22