Explained: Why we need a name for the greatest economic crisis in a century
MAY 23, 2020 2:02:30 PM
While many in the U.S. now refer to the 2007-2009 slump as the Great Recession, that term is far from universal. In Anglo financial centers like Sydney and London, the term GFC -- short for Global Financial Crisis -- is more common. Others call it the North Atlantic Financial Crisis, since that’s where it hit hardest.
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