Bigger Quote by Austan Goolsbee
“This recession is the deepest in our lifetimes, the deepest since 1929. If you take the people thrown out of work in the 1982 recession, the 1991 recession, the 2001 recession, not only is this bigger, this is bigger than all of those combined.”
About This Quote
Source Speech: Economic Outlook, United States, 2023
The current recession surpasses previous downturns in severity and combined impact on employment.
In simple terms: This recession is deeper than past ones.
Key Takeaway
Recognize the scale and prepare for prolonged economic challenges.
Themes
economy
employment
recession
policy
Mood
cautious
concerned
Type
analytical
informative
When to use this quote
- business planning
- career counseling
- government policy
- personal finance
- investment strategy
Key Concepts
macroeconomics
labor markets
historical comparison
Questions to Reflect On
- How does this recession affect your industry?
- What strategies can mitigate job loss?
A Different Perspective
The depth may be overstated without considering sectoral variations.
