Recession or a coming financial crisis? Economists say the difference is vast

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https://i.cbc.ca/1.6627930.1666647508!/fileImage/httpImage/image.JPG_gen/derivatives/16x9_460/financial-crisis.JPG Financial crises are hard to define, but central banks know them when they see them and must be ready to act. Massive unemployment, bank failures, a run on bonds, the collapse of pension funds, a severe collapse in real estate can all be the result.


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