Posts with tag review of the year

2009 Review of the Year: It could have been a lot worse

by Julia Kollewe Dec 31st 2009 at 12:00PM

It has been another grim year for the world economy, but 2009 could have been a lot worse than it was.

Some had predicted a re-run of the Great Depression of the 1930s, but to everyone's relief most major economies – with the notable exception of the UK – pulled out of recession by the summer. The year ended with fresh crises in Dubai and Greece, though.

Banks were little chastened by the crisis and were soon back to their old ways. Ignoring calls for restraint, they tried to pay themselves massive bonuses as though nothing had happened.

Walletpop looks at the main financial events of the year.

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Continue reading 2009 Review of the Year: It could have been a lot worse

2009 The year that was: A look at the lighter moments

by Julia Kollewe Dec 31st 2009 at 10:00AM

Filed under: Financial Crisis, Me vs the Recession

After the global economy suffered another bad year and recovery looks to be slow and protracted, we look back at some of the lighter moments of 2009.

Pundits were divided over what shape the global slump would take: a W i.e. double-dip downturn, or a saxophone-shaped recovery, anyone?

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