How have business reputations changed since 2008?

Expert Solution

The reputation of the business was the worst hit by the recession and financial crisis of 2008 and ever since there has been a significant recovery in the reputation of the business all over the world. If we look at the past or history, it takes usually 8 years to recover from any sort of debt crisis and this was the case too with the crisis of 2008. Recently the world economy started to show some good signs, led by China, India, and the USA however the past decade's unpredictable growth is still haunting most of the businesses.

Some of the very extraordinary steps have to be taken by the Central banks of different countries, regular and policymakers of these economies after the 2008 crisis. Due to this, banking industry is not highly capitalized one and the liquidation of the money is far less than during 2008. Still there are some risks which can be noticed and the new ones are also coming up.

The business on an average has come out from the bad reputation of 2008 and it is expected to make some good news and profit in the coming year.

keosha answered 1 year ago

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