They find that "the rich world in particular is ill-prepared to deal with even a mild recession."
If that is the case, then should we be worried?
Newly released transcripts from 2007 show Federal Reserve officials were slow to act as the economy slid into recession.
There's been more and more talk of the world economy slowing down. Still, the European Central Bank isn't changing its interest rate, and the Federal Reserve hasn't budged yet.
Looks like the recession has gone global. We look at some of the factors.
Economist Simon Johnson at MIT on whether all recessions will have global implications going forward.
