Home » Dictionary » zombie economy

zombie economy

zombie economy
 n.— «Yuen Pau Woo was the economist responsible for Japan in Singapore’s central bank when the Japanese bubble—helped by a run-up in real estate prices that made Park Ave. co-ops look affordable—caused the world’s second biggest economy to burst. “It became what was known as the zombie economy,” says Woo, now CEO of the Vancouver-based Asia Pacific Foundation think-tank. “Many people look back and see that it was a mistake that they didn’t act quickly enough.”» —“Can U.S. escape zombie economy’s clutch?” by Tony Wong Toronto Star (Canada) Oct. 4, 2008. (source: Double-Tongued Dictionary)

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Further reading

When I See the Night Sky, I Am Reminded of Homework

One of the celestial bodies listed in The Dictionary of Minor Planet Names(Amazon) is called Sumaura. It’s the name of the oldest private elementary school in Kobe, Japan, and was suggested by the discoverer’s son. This is part of a...

Recent posts