• Corpus ID: 17861516

THE GENERAL ECONOMIC BACKGROUND TO THE CRISIS

@inproceedings{Elmeskov2009THEGE,
  title={THE GENERAL ECONOMIC BACKGROUND TO THE CRISIS},
  author={J{\o}rgen Elmeskov},
  year={2009}
}

• J. Elmeskov
• Published 2009
• Economics

 Still, the economic crisis has not hit countries equally hard. The particular propagation pattern of the crisis appears, ironically, to have allowed some of the countries where asset prices and financial leverage increased the most to escape relatively lightly in terms of GDP loss. By contrast, countries with a heavy specialisation in durable goods and hi-tech manufacturing appear to have been badly affected.