The global economic crisis of 2008:

Question

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The global economic crisis of 2008 had a varied impact on different countries and regions. While some countries such as the United States and Europe were hit hard, others such as China and India were less affected. Additionally, the impact on employment rates in Europe was significant, with many countries experiencing high levels of unemployment. However, the crisis did not destroy the BRICS (Brazil, Russia, India, China, South Africa) coalition, as these countries continued to grow and cooperate economically in the years following the crisis.

The Global Economic Crisis of 2008