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Impact of Global Crisis on UK : Case Study

   

Added on  2020-07-22

6 Pages821 Words55 Views
MINI- CASE STUDY

TABLE OF CONTENTSINTRODUCTION...........................................................................................................................11. Determining difference between Recession and Depression.............................................12 Impact of global crisis on UK.............................................................................................13. Impacts of Credit Crunch over economies.........................................................................24. Business which will not be affected by the economic downturn.......................................3REFERENCES................................................................................................................................4

INTRODUCTIONDuring the phase of global financial crisis and the great depression which has incurredthe great economic loss to all the countries whether developed or underdeveloped. The impactsof such financial drawbacks leads the banking sector and financial institution to the bankruptcy.Therefore, there were no funds or resources available in the banks to operate their activities. Ithas invited various issues and obstacles in the countries like EU, USA and UK on which theyhave experienced the obstacles like, inflation, GDP rate, Recession ad unemployment. UKgovernment has made various efforts in designing the financial policies and plans to overcomewith such crisis.1. Determining difference between Recession and DepressionRecessionDepressionThis is the factor which indicates the negativefall of economy consistently for the two quarters.It is necessary for economy in terms of analysingthe GDP rate. Additionally, it is the factorswhich helps in analysing the per capita incomeof the citizens as well as the economic conditionin the country.It is also a down turn of economy whichreflects the negative balance but it was forthe longer period. Moreover, the recession isfor short terms period while depression willbe denoted as the long terms period. Itimpacts when the GDP has more than 10% ofreduction (Schwaab, Koopman and Lucas,2017).2 Impact of global crisis on UKThe impacts of global crisis on UK economy which has threatened the economicconditions as inviting the Inflation, recession etc. which become the serious issues for thegovernment to be sorted out (Lin and Ye, 2017). Therefore, during the phase of Global financialcrisis which are damages the national economy which has affected the national financialconditions such as:1

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