The international consequences and implications of the global economic crisis.
The international consequences and implications of the global economic crisis: The global economic crisis or Global Financial crisis (GFC) began with the credit crunch in July 2007. This was as an impact of loss of confidence in sub-prime mortgages value believed to have been caused by liquidity crisis.
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However, these countries came up with measure to curb the dwindling economic growth. These measures included balancing the lending rates and introducing the stimulus packages.
Arora and Athreye. India’s Economic Development. Information Policy and Economics, 2002.
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