As economists around the world search for the right terminology to describe the biggest economic crisis since the Great Depression, it could take years to settle on a name, if history is any guide 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. As economists around the world search for the right terminology to describe the biggest economic crisis since the Great Depression, it could take years to settle on a name, if history is any guide.