The world economy is tracking or doing worse than during the Great Depression (update) | vox - Research-based policy analysis and commentary from leading economists

The world economy is tracking or doing worse than during the Great Depression (update) vox - Research-based policy analysis and commentary from leading economists: "This is an update of the authors' 6 April 2009 column comparing today's global crisis to the Great Depression. World industrial production, trade, and stock markets are diving faster now than during 1929-30. Fortunately, the policy response to date is much better. The update shows that trade and stock markets have shown some improvement without reversing the overall conclusion -- today's crisis is at least as bad as the Great Depression."