Ten Years After the Global Financial Crisis: Where are We?

The Global Financial Crisis of 2007-08 was the worst to hit the world economy since the Great Depression. The Crisis devastated the financial markets, brought the housing and banking sectors to their knees, and caused political upheaval in both the developed and developing world. Ten years on from those events, Hites Ahir talks to Valerie Cerra, Assistant Director in the IMF’s Institute for Capacity Development, about why some countries still haven’t been able to fully recover, what are the implications of recessions and crises for policymaking, and the new stylized model for economic development.

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IMF