Current recessions; worst in 100 years!

Story link: Current recessions; worst in 100 years!

The financial crisis that we currently find ourselves caught up in is being described by people as high up as Gordon Brown’s senior ministers, as the worst recession in the last 100 years.
Of course, by stating that, they are suggesting the current recession is overkill compared with the 1930’s depression.

Current recessions; worst in 100 years!

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.