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Impact of the 2008 Global Financial Crisis by Srijana Bista is a document available to read on EtoBox.
What is Impact of the 2008 Global Financial Crisis about?
The global financial crisis of 2008 resulted from loose lending practices and excessive risk taking that caused the collapse of large financial institutions. As home prices declined and mortgage defaults increased, major banks and financial firms failed or were bailed out by governments. This led to a global economic downturn as credit tightened and trade declined sharply. Unemployment rose substantially in many countries as businesses closed and economic activity slowed significantly.
- Author
- Srijana Bista
- Language
- EN