The zombie economy: Are the banks regaining health or just zombies limping along?

The crisis has dramatically affected four major economic groups, creating half dead, half alive zombies: banks, governments, companies and consumers. Banks are still struggling along thanks to government intervention, but the zombie phenomenon will ensure that none of them will operate in the same way as they did before the crisis, or be able to perform the functions we expect of them in supporting the growth of the economy. It will be several years before the banks regain health and are able to provide the levels of credit companies need to escape the zombie economy.

Category:

People & Blogs

Tags:

• economic crisis
• recession
• economic recovery
• zombie economy
• half dead banks
• energy in crisis
• healthcare