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Recent Comments
The financial crisis of 2007-2009 had different characterisics compared to the COVID 19 crisis. I believe that the financial of 2007 - 2009 crisis was caused by pure economic factors whereas the current crisis is generated by a non-economic factor (the COVID-19). This difference in qualitative characterisits between the two crises may explain the restart of the global economy at a higher pace compared to financial crisis of 2007.