What were the consequences of the Great Financial Crisis?

The Great Financial Crisis, which began in 2008, had a significant impact on the global economy. It led to a sharp increase in unemployment, widespread bankruptcies, and a severe downturn in economic growth. Governments around the world implemented measures such as bank bailouts, quantitative easing, and fiscal stimulus to try to stimulate economic activity. The crisis also led to increased regulation of the financial sector, with tighter controls on banks and financial institutions. The lasting legacy of the crisis has been an economic environment with slower growth, greater inequality, and higher levels of debt.

This mind map was published on 23 May 2023 and has been viewed 62 times.