| The financial crisis that started in 2007 will leave a lasting impact on the global economy. Government debt levels throughout the developed world will be higher than they would otherwise have been, as authorities stepped in to shore up failing economies.
The overall level of national income will probably be permanently lower in some countries – billions of pounds of income lost forever, never to be recovered. But the crisis could also have an impact in some rather unexpected ways. One of these is the rise in ‘local’ currencies...............................................Full Article: Source
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