THE IMPLICATIONS OF ECONOMIC AND FINANCIAL CRISIS ON GLOBAL ECONOMY
THE IMPLICATIONS OF ECONOMIC AND FINANCIAL CRISIS ON GLOBAL ECONOMY

Summary/Abstract: The global financial and economic crisis has hit all the countries of the world, they have had strong growth and poverty reduction over the past years. However, though the most acute phase of the global financial and economic crisis has passed, recovery remains fragile. Persistent risks to economic health include high unemployment and low growth in developed countries and scarce international financing for developing countries. The poorest countries continue to need assistance to move beyond the crisis. These countries can play a key role in helping to boost demand to support global recovery, but they will need access to financing for years to come

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