Great Recession showed countries can’t fight the coronavirus economic crisis alone
As the world economy enters an unprecedented crisis caused by the COVID-19 pandemic, and policymakers in Washington and other global capitals prepare record fiscal , stakeholders should heed an important lesson from the last financial downturn in 2008: Recovery is only possible through coordinated global action. A little more than 10 years ago, as the world was entering the Great Recession, stakeholders had to look far back in the rear-view mirror to the Great Depression for policy guidance. While the actions of the 1930s did offer ...
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