Macro-economics

Global Recession: A Catalyst of Prevalent Unemployment Rate

The financial crisis that occurred in the late 2000s was considered to be one of the direst and worst economic recessions that blighted the global economic market.  It had reduced manifold financing institutions to closures; there was a considerable downturn on stock markets and a considerable reduction of the consumer’s ability to buy goods which had caused failure to several business establishments. In addition, pervasive worldwide, there was a slow movement on the economy, foreclosures and evictions and an anticipated high unemployment rates which will be the focus of this particular study.
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