(July 9, 2018 at 2:10 pm)Shell B Wrote: My sister-in-law worried that it would affect her PhD funding, but it hasn't so far. I'd say things will get tough for everyone in that department soon.
I was told last time I was in academia that academic recessions hit about 2 or 3 years after they hit society. This is because funding is applied for years before it is to be given, so when a recession comes the funding has already been given well in advance.