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Dr. Raju M. Mathew writes: Following the American lead, lunched by President Barrack Obama, almost all governments, including China, India, Kuwait, the UAE and several other countries have either introduced or are on the process of introducing economic or financial stimulus packages to make an early recovery from the global economic crisis, that they prefer to call ‘Recession’. But they are forced to admit that it is more severe than the Great Depression of 1929. Then, of course, it must be the Great Depression II of 2009, lasting several years to recover. A series of global summits to deal with the crisis are under way.
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April 9th, 2009UncategorizedDr. Raju M. Mathew writes: Following the American lead, lunched by President Barrack Obama, almost all governments, including China, India, Kuwait, the UAE and several other countries have either introduced or are on the process of introducing economic or financial stimulus packages to make an early recovery from the global economic crisis, that they prefer to call ‘Recession’. But they are forced to admit that it is more severe than the Great Depression of 1929. Then, of course, it must be the Great Depression II of 2009, lasting several years to recover. A series of global summits to deal with the crisis are under way.