Anatomy of the Great Depression 2020

Global economic crisis 2020. Development scenario. Possible causes and effects.

Dear friends,

More and more people are starting to speak of a real economic crisis, but it’s not what we should be frightened of. What we should really fear is an economic depression.  

Economic cycles

Every economist knows about the theory of economic cycles.

I’ve tried to represent these cycles in a schematic way in the chart above.

We see 4 main stages there:

Growth, yellow stage
Peak, green stage
Crisis, red stage
Depression, black stage

This cyclic recurrence is a natural economic process, which can’t be avoided because…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>