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The term economic crisis is applied broadly to a variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics.

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    Economy of Greece Recorded a Contraction of 6.4% in 2012

    According to preliminary data, the GDP was affected by the fall in consumption and a negative trade balance. The Greek economy shrank 6.4% in 2012, the fifth year of recession that supports the Mediterranean country, according to...

    • Posted 4 years ago
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