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According to a survey conducted in the year 2013, most countries in the world continue to struggle with the impacts of the recent global economic recession. Most analysts agree that the 2007-2012 economic recessions is the worst economic downfall since the 1930 economic recession. Though the impact of the recession was not directly felt in the developing countries, all developing countries recorded a decline in the GDP. Its consequences are likely to felt for more than a decade especially in the developed countries where it was greatly felt. This essay will briefly describe the nature of the Global Financial Crisis of 2007-2012. It will also suggest policies to address the effects of GFC on trading nations

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