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What Are The Effects Of The 2008 Financial Crisis

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The world has been through different financial crises in the past years, such as, “the economic downturn in the Japanese economy” and “the Asian financial crisis that occurred in the 1990”. Those major events has brought negative impacts to the economies of varies markets and regions. Therefore, the occurring of financial crises is very common and it will lead to economic losses to people and organizations (Viswanathan, 2010). The global Financial Crisis that occurred in the year 2008, has brought major effects to the world economies. The 2008 crisis affected markets that were “traditionally strong”. The sector that was mainly affected in the United States by this crisis is the “housing sector”. After some time, it started to have
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