The dangers of the financial crisis

Mondo Finance Updated on 2024-01-29

We all know the severity of the financial crisis, especially the subprime mortgage in the United States in 2008, which has spread around the world, and some countries have not yet recovered, but do you know the harms? Let's take a look.

Here is a list of the top 10 facts, statistic and trends about the financial crisis, including its:

1.The 2008 global financial crisis was one of the worst since the Great Depression. International Monetary Fund (IMF) report.

2.The financial crisis has led to an increase in global unemployment, which reached 6.0 in 20096%。*International Labour Organization (ILO) report.

3.During the financial crisis, the real estate market in many countries collapsed. The collapse of the U.S. housing market led to national home prices between 2006 and 2011**23. *National Housing Data Center.

4.The financial crisis led to a global ** For example, the US S&P 500 index fell by 38 in 20085%。*U.S. Financial News**CNBC.

5.Many large financial institutions went bankrupt or received bailouts during the financial crisis. Lehman Brothers, for example, went bankrupt in 2008, making it one of the largest bankruptcies. *U.S. Financial News**CNBC.

6.Global economic growth slowed down due to the financial crisis. In 2009, the global economy grew at a rate of -01%。International Monetary Fund (IMF) report.

7.The financial crisis led to a global ** decline. According to the World Organization (WTO), the global ** fell by 12 in 2009.

8.The financial crisis has triggered a global** intervention and regulatory reform. In the United States, for example, the Dodd-Frank Act was passed to strengthen financial regulation and prevent the recurrence of financial crises. *U.S. Financial News**CNBC.

9.The financial crisis has plunged many countries into debt crises. For example, Greece declared a debt crisis in 2009, leading to the eruption of Europe's sovereign debt crisis. **European Central Bank (ECB) report.

10.Since the financial crisis, the global financial system has placed greater emphasis on stability and risk management. International financial regulators such as the Basel Committee on Banking Supervision (BCBS) and the Financial Stability Board (FSB) have strengthened financial regulatory requirements. International Monetary Fund (IMF) report.

Please note that the above data and trends are based on publicly available international organizations and reports and are subject to change and uncertainties.

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