Por qué esta vez la salida de la recesión será más lenta
Why leaving the recession will take longer this time
There are some strong arguments to believe that exiting the recession will be a slower process compared to previous experiences, especially for the non-agricultural economic activity. For several months now, the economy has begun to undergo an important macroeconomic rebalancing triggered by a sudden decrease of available financing opportunities. This is a key element that was not present in the previous recessions.