Industries Hit By A Rolling Recession Like History

The current situation can be described as a rolling recession, where different industries are being affected at different times. This term was coined in the 1980s when there was a sudden drop in oil prices, leading to a collapse in areas heavily invested in oil and gas drilling. Similarly, we are currently experiencing a rolling recession that resembles the one in the 1980s, but it has not yet developed into a widespread economic recession.

Watch more of this short video from "Can A Bad Recession Be Avoided? | Ed Yardeni".

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