From Crisis to Recovery - Routes, Reach, Responses

 

The recession’s roots lay in financial centres like New York and London, but it swiftly spread throughout the global economy. As the scale of the calamity became clear, governments took extraordinary measures to keep financial institutions afloat and stimulate economic demand.

 

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Chapter 3 examines the routes of the recession – how a financial crisis morphed into a crisis for the global economy.

 

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Graphic from Chapter 3

VARYING FORTUNES
Change in real GDP in 2009

Source: Perspectives on Global Development 2010: Shifting Wealth.
StatLink http://dx.doi.org/10.1787/888932320599

 

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