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What are the economic implications of the global financial crisis on the global economy?
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The global financial crisis had a significant impact on the global economy, leading to a decrease in economic growth and an increase in unemployment. It also led to decreased consumer spending and reduced investment in businesses. These factors have caused a decline in the value of currencies around the world, which has resulted in increased borrowing costs for countries that rely heavily on foreign investments. In addition, it has caused many companies to go bankrupt or be restructured, resulting in job losses.