{"id":51519,"date":"2015-09-09T17:00:21","date_gmt":"2015-09-09T17:00:21","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/ft_is_a_global_recession_coming\/"},"modified":"2015-09-09T17:00:21","modified_gmt":"2015-09-09T17:00:21","slug":"ft_is_a_global_recession_coming","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=51519","title":{"rendered":"(FT) Is a global recession coming?"},"content":{"rendered":"<p>Economists at Citigroup argue in a new report that a global recession is now &#8220;the most likely outcome&#8221; over the next two years.<\/p>\n<p>What exactly do they mean by a global recession?<\/p>\n<p>They point out:<\/p>\n<p>    We use the only definition of a recession we know that makes sense when it is used consistently. As stated earlier, we define a recession as a period during which the actual unemployment rate is above the natural unemployment rate or Nairu, or during which there is a negative output gap: the level of actual real GDP is below the level of potential real GDP.<\/p>\n<p>    To avoid excessive attention to mini-recessions, the period of excess capacity should have a duration of a year or longer.<\/p>\n<p><a href=\"http:\/\/www.ft.com\/intl\/fastft\/389091\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economists at Citigroup argue in a new report that a global recession is now &#8220;the most likely outcome&#8221; over the next two years. What exactly do they mean by a global recession? They point out: We use the only definition<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=51519\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,209,201,502,582,589,149,168,200,144,119,600,597,151,479,34],"tags":[],"class_list":["post-51519","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-americau-s-a","category-asia","category-china","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-europe","category-foreign-relations","category-globalization","category-housingreal-estate-market","category-laborlabor-unionslabor-market","category-politics-in-general","category-russia","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/51519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51519"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/51519\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}