A senior banker in the UK says the economic turmoil gripping the world is at least as bad as that seen in the 1970s, and will drag on for considerable time.
Charles Bean, the BoE Deputy Governor said “the downturn was at least as bad as the 1970s oil shock and possibly as bad as the Great Depression.”
» Economic turmoil ‘as bad as the 70s’: banker – The ABC, 26th August 2008