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Small-Scale Question Sunday for August 13, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

This is your opportunity to ask questions. No question too simple or too silly.

Culture war topics are accepted, and proposals for a better intro post are appreciated.

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All rich countries had a recession in 2008-2011, because of the global financial crisis. The UK and, for different reasons, the sunnier EU countries, show the pattern you mention of never really recovering from it, but most other places don't. If you look at the US, Germany, Poland, or any rich Asian country, then the 2008 recession looks like a blip with growth returning to trend. (A painfully slowly-growing trend in Japan, but not the kind of stagnation you see in the UK or Spain) For example, see this graph