Global economic crisis vs Global fianancial crisis

797 views

I have read the documentaries abt the definitions of these two things. But I’m still confused abt when trying to distinguish and how different of their impacts

In: Economics

Anonymous 0 Comments

They mean the same thing. If you try to go to the Wikipedia page for economic crisis, it redirects you to the page for financial crisis. Basically, it’s a situation when a variety of different financial assets suddenly lose a bunch of their value. For example, all your stocks are worth $1000 today, but only $200 tomorrow.

You are viewing 1 out of 1 answers, click here to view all answers.