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The Global Financial Crisis (Global Viewpoints)
The Global Financial Crisis (Global Viewpoints)
Date: 23 May 2011, 17:28

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As businesses fail, unemployment rises and the economy spirals into a recession. This has had a devastating effect worldwide. The International Monetary Fund and the World Bank released a joint statement in April 2009 calling the recession "a human and development calamity" which "has already driven more than 50 million people into extreme poverty". The International Labour Organization predicted that 20 million jobs would be lost by the end of 2009.
Global Viewpoints: The Global Financial Crisis addresses the causes of the crisis, the effects on wealthy and developing nations, and recommendations for the future.

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