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The 2007–2008 financial crisis, or the global financial crisis (GFC), was the most severe worldwide economic crisis since the Great Depression.
The financial crisis of 2007–08 was a severe contraction of liquidity in global financial markets that originated in the United States as a result of the collapse of the U.S. housing market. It precipitated the Great Recession (2007–09), the worst economic downturn in the United States since the Great Depression.
25 sie 2024 · Few investors suspected that the worst crisis in nearly eight decades was about to engulf the global financial system, bringing Wall Street's giants to their knees and triggering the Great...
In the final quarter of 2008, the financial crisis saw the G-20 group of major economies assume a new significance as a focus of economic and financial crisis management. The crisis accelerated the financialization of states around the world, as governments increased the use of market instruments to achieve public goals through approaches like ...
5 paź 2018 · Some suffered severe banking crises as part of the global financial panic, while others saw weaker activity in advanced economies reverberated globally through trade and financial channels. Among the economies that experienced a banking crisis in 2007–08, about 85 percent are still operating at output levels below precrisis trends.
26 kwi 2019 · This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007–08.
3 paź 2018 · In the year following the 2008 financial crisis, economic activity declined in half of all countries in the world. Our analysis in Chapter 2 of the October World Economic Outlook shows that in many countries output is still well below levels that would have prevailed had output followed its precrisis trend. Moreover, there are also signs that ...
