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Krugman: Recession May End this Summer

By Anonymous

Paul Krugman is delivering a three part lecture at the London School of Economics starting today.

Bloomberg has some quotes: Nobel Laureate Krugman Says Recession May End ?This Summer?

?I would not be surprised if the official end of the U.S. recession ends up being, in retrospect, dated sometime this summer,? he said in a lecture today at the London School of Economics. ?Things seem to be getting worse more slowly. There?s some reason to think that we?re stabilizing.?
...
Even with a recovery, ?almost surely unemployment will keep rising for a long time and there?s a lot of reason to think that the world economy is going to stay depressed for an extended period,? Krugman said.

The next two lectures will be Tuesday ("The eschatology of lost decades") and Wednesday ("The night they reread Minsky") at 6:30 PM London Time.

The live webcasts are here.

Full post as published by Calculated Risk on June 08, 2009 (boomark / email).