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Global Crisis, Recession and Uneven Recovery

Economists have compared the current global financial crisis to that of the Great Recession of 1930s. The current crisis has in fact affected all countries across the world in different degrees and that way, it was truly a global recession. Today the crisis is over, the recovery has started at different paces in different places. Dr Reddy is of the view that the recovery from the global crisis is going to be prolonged and uneven.