During the period following the global financial crisis, Turkey benefitted from the globally cheap and massively available liquidity conditions for financing domestic consumption and investment expenditure.
China's fixed-asset investment has already started to pick up and a jump in spending on railway construction would echo the stimulus rolled out during the global financial crisis.
Hong Kong, one of the world's most competitive financial and business centers, demonstrated a high degree of resilience during the global financial crisis," the report said.
It is well known that the income distribution problems since the 1980s and the labor market distress following the 2008 global financial crisis are the two key reasons behind the ascension of anti-globalization politicians across the Atlantic Ocean.
Wenchuan earthquake, coupled with global financial crisis and a flow of diseases and other factors, the Inbound Tourist Revenue and sharp decline in inbound tourism trips, behind the western region of Yunnan, Shaanxi, Guangxi, Inner Mongolia and Chongqing provinces.
All of that means global growth will be disappointing and uneven in 2016," Lagarde said, adding that low productivity, ageing populations and the effects of the global financial crisis were putting the brakes on growth.
After the crush associated with the Global Financial Crisis(GFC) in 2008, real GDP has grown at 11⁄4 percent on average, the pace of which has barely changed from that of the pre-GFC boom period Slide 3, on the left-hand side.
A Hudson report released today has said that an"overwhelming majority" of Australian and New Zealand ICT employers believe they cut too much staff in response to the global financial crisis(GFC).
No matter how the global oligarchy tries to conceal the ongoing collapse from the masses of the world's population, more and more people begin to suspect that this is inevitable, and that the global financial crisis, caused by the collapse of the U.S. mortgage market and major banks is only the beginning of a global catastrophe.
Such an idea of flexible monetary policy has been widely shared with other countries. Particularly in the aftermath of the global financial crisis, major overseas economies have become increasingly attentive to the flexibility of monetary policymaking by laying out the importance of paying due attention to the stability of the financial system.
Achim Steiner, UNEP's executive director, says:“Integrating sustainability criteria that include environment and social factors into the rules that govern the financial system can substantially strengthen the resilience of the world's financial system, which has been a key goal of governments and regulators since the global financial crises of 2008.
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