In 2008 the recovery of financial crisis speed has been slow
and it means the slow recovery of financial crisis is the symptoms of permanent
decline the rules and does not follow the gross domestic products and also in
the recovery of financial crisis trend growth has been slow and down day by day
before the crisis.
The economy of US slowly recovered the recession from
2007 to 2009.
US provide no support in the history of linking high
unemployment and also low employment in the present recovery of the financial
crisis of 2007-2008.
The present recovery and the recovery after given the full
of depression there is no deference but both are differ from another recovery.
The dissuasions about the recovery has echo permanent
explanation of the great depression on overall demand or focusing on government
policies which is increase frequently or uncertainly or decrees their
The immediate answer is financial crisis is usually gives
large permanent bad impact on the level of economic activity. if we talk about classic
study then Cerra and Saxena in 2008 concentrate at the
effects of the financial crisis by using a 10 years panel of 190 countries from
1960 to 2001.
The highest output loss estimated
from a financial crisis and their given examples is almost 80% with the losses
of output which is around 7% at 10 years that was down to earth but it seems
like touch to sky. Cerra and Saxena’s give their result with criticized
their assumption and they gave particular account difference not all over accursed
financial crisis has been coming out the growth of economic totally disappointing
in the compassion with the recoveries of other previous recessions. If we think
to return to much more normal growth of rates after 2015, then that hides the weakness
of the good bounding effects and it make the long term damage to the economic
level activity by the crisis.