The shape of a Downturn 2.0

There have been no recent R-word stats published that I have seen, but predictions that we are headed into a recession are becoming more frequent. No doubt that the prophecies of doom are true: after a boom follows a bust.

Timing the economy's cycle is difficult though, and so is predicting geographical distribution. As for sectors, here is a stab at how a Downturn 2.0 might be different from the previous one.

The technology sector took a tumble in March 2000 followed by the rest of the markets and at the same time the housing bubble was building.

Is the next growth recession going to be different? Consider the following shape:

Tags: economics recession technology property housing bubble downturn 2.0

Comments

[Stu Downes]

It would be interesting to see how tech could grow with all other businesses in recession. I would argue that it wouldn't be possible as the two are inextricably linked.

[foreclosure lawyer]

Indeed, even wallstreet has been gloomy because of the housing bubble and the toxic mortgage beneath. It is a long way to recovery.