1945

The global economic crisis: causes and transmission

The recent financial and economic crisis—the worst since the Great Depression of the 1930s—originated in the United States and quickly spread through multiple channels to other industrialized countries, low- and middle-income countries, as well as economies in transition. The result has been the still-unfolding global financial, economic and social crises now often referred to as the “Great Recession”.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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