Cycles of market growth and slumps are the normal nature of economic markets and a recession is a normal event over time, the 2008 global financial recession was a special case due to new lending practices that bypasses the ordinary mechanisms for regulating mortgages. Recessions of some kind usually occur every eight to ten years. Will there be a recession again? Yes, that is to be expected. Will there be a global economic crisis again? That depends on the bank’s lending policies and having mechanisms in place to discourage unrealistic lending practices. Will there be an economic crisis in developing countries ?

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