This is Not a Mild Recession

A look at why the economic recession is deeper than headline real GDP stats. Is there any glimmer of hope on the horizon the economy might turn a corner? 00:00 Intro 00:40 Why this recession is different 3:12 Households Squeezed 4:45 Industrial Output 6:20 Unemployment 7:30 Good News? 9:00 Real Wages ► Please SUBSCRIBE! ► UK Economy - ABOUT ----------- ► was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including: ► Economic Short Cuts ► 50 Essential Economic Ideas ► Cracking Economics. ► What Would Keynes Do? Amazon ► Economics Without the Boring Bits