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  1. Nov 2021
    1. world recession affec

      I think... --- the effects of global recessions are felt hard by developing and/or vulnerable states because:

      1. Most of the economies are undiversified , fragile and functioning on limited resources;

      2. Their economies are mostly reliant on commodities, and this market is often volatile and recovery after a disruption can take a few years. The 2008 global recession dealt a hard blow on some of the commodity led economies like Botswana.

      Source author: Omphile Sethunya Sedimo sedimosethunya44@gmail.com

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