Por qué esta vez la salida de la recesión será más lenta

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Why leaving the recession will take longer this time

Fourth week
February 2019

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.