Explained: Why we need a name for the greatest economic crisis in a century | Explained News,The Indian Express

Explained: Why we need a name for the greatest economic crisis in a century | Explained News,The Indian Express

Explained: Why we need a name for the greatest economic crisis in a century

MAY 24, 2020 8:14:58 AM

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.