Global Macro Service > Research Briefings > Global

Mature expansions can become fragile: lessons from 77 recessions

Expansions don’t just die of old age, but age can foster fragilities. Our comprehensive analysis of 77 advanced-economy expansions reveals that recessions that follow long expansions have tended to be relatively deep.

To read the full briefing please
If you are not a subscriber, request a free trial of our Global Macro Service by filling out the form below