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GAAP.RUNewsEuropean Union’s economy may again fall into recession - Stiglitz

European Union’s economy may again fall into recession - Stiglitz

Publication date: 24 August 2010

The economy of Europe may again fall into recession due to national governments’ actions taken to lower budget deficits – warns Joseph Stiglitz, the American economist and recipient of the Nobel Memorial Prize in Economic Sciences in 2001.

According to Joseph Stiglitz, European Union’s economy may again fall into recession due to national governments’ attempts to lower their budget deficits.