Home > Off Blog > The Great Recession was merely a precursor, and not the main event…

The Great Recession was merely a precursor, and not the main event…

September 1, 2010 Leave a comment Go to comments

From Consumer Metrics Institute:

There probably hasn’t been two separate recessions in three years, simply one that has evolved in significant ways. But if this really is a “double dip” recession, then our data indicates that the “Great Recession” of 2008 was merely the precursor, and not the main event. It is this current dip that we should be really concerned about; the current contraction in consumer demand is about structural changes in consumer behavior, whereas the “first dip” was about short term loss of consumer confidence.

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