1990 Recession

• Began mid 1990

• ?? from 5.1 in June 1990 to 7.7 in June 1992

• What caused the recession?

  • Contractionary shift in LM (worry about inflation)
  • S&L crisis (Credit Crunch)
  • Gulf War (Lower consumer confidence)

Previous slide

Next slide

Back to first slide

View graphic version