The situation was aggravated by the global economic crisis. The deficit expanded primarily due to a severe financial crisis and recession. Recession tourism is a travel trend which evolved by way of the world economic crisis. And this happens in a situation of a deepest economic crisis. He considered them inadequate in the face of the escalating economic crisis. Economic growth was curbed due to Western trade barriers combined with the 1973 oil crisis. Liliuokalani assumed the throne in the middle of an economic crisis. India was able to resist the worst effects of the global economic crisis of 2008. The situation changed after the financial crisis of 2007. This concentration continued despite the subprime mortgage crisis and its aftermath. The Thai economy collapsed as a result of the 1997 Asian financial crisis. Bernanke has been subjected to criticism concerning the late-2000s financial crisis. The sanctions contributed to a Russian financial crisis. Russia was in a continuous state of financial crisis. Media attributed the rise to concerns over the European migrant crisis.