Discussion:
The Global Financial Crisis (GFC) is the most significant worldwide economic catastrophe since the Great Depression of 1929. The sub-prime mortgage crisis is an example of the financial crisis that affected global financial markets worldwide. Give some other examples of financial crisis events in your discussion below.
Discuss the possible causes of the financial crisis. Do you think GFC could be repeated again? Discuss.
Explain the scale and impact of GFC in economies of different countries including your own country. Identify some of the actual or proposed reforms which have eventuated.