However, not every recession has to be a protracted economic disaster like the Global Financial Crisis, even if monetary tightening has been equally significant.

Source: https://seekingalpha.com/article/4629176-midyear-perspective-2023-a-short-and-shallow-recession?source=feed_all_articles

Sadly, policymakers seem to encourage this view, with dot plots forecasting 2.5% “longer-term” rates despite short-term rates rarely having been that low prior to the Global Financial Crisis.

Source: https://seekingalpha.com/article/4594055-clearbridge-small-cap-strategy-q1-2023-portfolio-manager-commentary?source=feed_all_articles

The Barefoot Investor Scott Pape has shared his thoughts on whether a Global Financial Crisis is on the horizon and issued some blunt advice to Aussies on how to prepare for the worst.

Source: https://www.dailymail.co.uk/news/article-11908629/Barefoot-Investors-Scott-Papes-blunt-advice-Aussies.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

This would be the first Budget surplus since 2007, when the Coalition was in power before the Global Financial Crisis worsened.

Source: https://www.dailymail.co.uk/news/article-12035467/Budget-2023-know-far-Anthony-Albanese-Labors-Federal-Budget.html?ns_mchannel=rss&ns_campaign=1490&ito=1490

When the Global Financial Crisis kicked off in 2008, shops brought in 'a progressively less fair system for producers' that can diminish their ability to help their employees and with environmental responsibilities.

Source: https://www.dailymail.co.uk/news/article-11932001/Dilmah-tea-Woolworths-Coles-Sri-Lankan-company-Australia-despite-no-profit-2009.html?ns_mchannel=rss&ns_campaign=1490&ito=1490