Economics
We Need a Name for the Greatest Economic Crisis in a Century
- Economists are coining phrases to describe the virus crisis
- Universal acceptance of a moniker may take some time
A pedestrian wearing a protective mask passes up a boarded-up store in Chicago, Illinois on May 7.
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
The IMF calls it the Great Lockdown. Morgan Stanley says it’s the Great Covid-19 Recession, or GCR for short. Ed Yardeni, who coined the term “bond vigilantes” back in the 1980s, has named this the Great Virus Crisis.
There’s even a suggestion to call it a Pandession.