While many areas of photonics are being hit hard by the global recession and credit-crunch, others such as solar energy generation and solid-state lighting seem to be continuing to flourish.
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Savage, N. Recession brings mixed fortunes for photonics. Nature Photon 3, 67–68 (2009). https://doi.org/10.1038/nphoton.2008.277
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DOI: https://doi.org/10.1038/nphoton.2008.277