Tag: economic crisis

"The old world is gone" | Global economic projections

“The old world is gone” | Global economic projections

"Rays of sunshine in the global economy we saw earlier in the year have been fading, and gray days likely lie ahead", says Ayhan Kose, deputy chief economist at the World Bank Group, summing up predictions for the global economy after several overlapping crises ended a nearly three-decade period of economic growth.
The disaster that changed everything without changing anything

The disaster that changed everything without changing anything

Years of prosperity swallowed up in a few months of recession—that's how you could sum up the global economic crisis that began in 2007. At its core, the worst recession since the interwar period turned out to be a mirror into which none of us want to look.