
We’re Still Living in the Wake of the Lehman Collapse
On the 10 year anniversary of Lehman Brothers declaring bankruptcy, BRINK ran a story outlining the event’s long-term ramifications:
“Measures of GDP in the U.S., the U.K. and the euro area are still 12 percentage points lower than the levels implied by their respective pre-crisis trends. With little sign of ‘catching up’ to pre-crisis trends, estimates of trend output … have been repeatedly revised downward in many advanced economies.”
Today, just after the 11th anniversary of the collapse, revisit our analysis here: 10 Years After the Lehman Collapse—Why Are the Shockwaves Still Being Felt?