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Vol. 10 No. 1 November 2012

FINANCIAL CRISIS 2007 AROUND THE WORLD:
STATUS, OUTLOOKS AND MAJOR CONCERNS

Md. Nahidul Islam

Abstract

Economic growth generally follows a cyclical order. It will go up for some time and again come down for some period. Following this pattern United States grew by 0.6 per cent in the last quarter of 2007, down from 4.9 percent in the previous quarter. But this downturn has some other aspects. With the economic downturn large number of debtors failed to generate cash flow needed to service their home loan. As a result mortgages and their derivatives crashed. The total economy melted down. Many policies are taken by the world policy makers since 2007. In this paper impact of financial crisis over the major economies of the world revisited to find out the recovery policy and their effects.

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