If you look closely at a spot in a meadow, you will see some things you may not enjoy looking at—weeds, bugs, funguses, bare spots of dirt, bits of trash, animal bones and so on...
An economic crisis may be defined as a situation in which a nation's per capita GDP or consumption suffers a fall of at least 10 percent over a short period. For example, in the United States from 1929 to 1933, per capita GDP fell by 29 percent, while per capita consumer spending fell by 21 percent...
The Working Group on Economic Policy brings together experts on economic and financial policy to study key developments in the U.S. and global economies, examine their interactions, and develop specific policy proposals.