The World Bank released a report on the current global crisis. It highlights the situation on East Asia and Pacific.

As I noted in previous my post, both developed and developing countries are trying to deal with the crisis. Even the 20 countries of world biggest economic power have meet in London Summit to develop new collaboration steps for halting the recession.

At the same time, some organizations were proposing green stimulus packages. Within the stimulus plan, the issues of employment generation in green sectors are addressed. Hopefully more countries adopted the proposal as well.

Back to current global crisis, below some facts of differences with financial crisis occurred in 1997-1998:

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