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Blog 5 years since

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Lehman collapse on Sep 15, 2008 had a devastating impact. It froze the financial markets and pulled the US and world economy down. 5 years have gone by, let's take stock of how far has the world progresed

Published in: Economy & Finance
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Blog 5 years since

  1. 1. Five years since the financial crisis, how far has the world moved? Data uptill Q1, 2014
  2. 2. US GDP contracted by 4.1% in Q2, 2009. No recession since the great depression (1930s) was of this scale Real GDP plotted for annual growth
  3. 3. Sep 15, 2008: Lehman filed for Chapter 11 Lehman closed its doors with over $600 billion in debt; largest in U.S. history.

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