Contagion Effect Leading to Global Financial Crisis The financial markets’ collapse in the U.S. had a contagion effect that spread to other countries, with many economists dubbing it a global ...
The boom is well over, and China’s housing crisis lies at the heart of the current economic downturn. Real estate prices have collapsed. Companies responsible for 40% of China’s home sales are ...
Yet, food prices remain high. The global financial and economic crisis in 2009 has exacerbated the situation: Growth rates are falling, unemployment is rising, poverty in deepening, hunger and ...