The Government: Present and Future.
The Great Financial Crisis (GFC) caused the Great Recession during the late 2000s.
At that time, many eyes were glaringly watching their respective countries’ governments.
And wondering about the financial difficulties being faced.
Many hoped for some sort of fiscal responsibility that would end the woes felt in our wallets.
A decade later, we now face a similar situation as the world tries to navigate a global health crisis.
And economic collapse caused by the coronavirus (COVID-19) pandemic.
Instability in the current government or changes to the current administration can have a direct bearing on that country’s economy and even neighboring nations.
And any impact on an economy will most likely affect exchange rates.
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