Worst financial crisis since the 30’s

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Analysts are now labelling the current fiancial crisis the worst since the Great Depression in the 1930’s, which saw a financial collapse worldwide and mass unemployment.
The question is, will the economic crisis fall into even deeper recession, or can we recover?

Worst financial crisis since the 30’s

Britain is facing its worst financial crisis for more than a century, surpassing even the Great Depression of the 1930s, one of Gordon Brown’s most senior ministers and confidants has admitted.
In an extraordinary admission about the severity of the economic downturn, Ed Balls even predicted that its effects would still be felt 15 years from now. The Schools Secretary’s comments carry added weight because he is a former chief economic adviser to the Treasury and regarded as one of the Prime Ministers’s closest allies.