Голицынский, 7-е издание – Артикль – Упражнение 81

The financial crisis of 2007-2010 has been called by leading economists the worst financial crisis since the Great Depression of the 1930s. Economist Peter Morici has termed it “The Great Recession”. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U. S. dollars, substantial financial commitments incurred by governments, and a significant decline in economic activity.
Many causes have been proposed. Both market-based and regulatory solutions have been implemented or are under consideration, while significant risks remain for the world economy over the 2010-2011 periods.