Why is it called World Economic Crisis when India and China flourished?

[milenss]

It was more of an USA-Europe crisis since India and China only gained momentum from it.
So it's not exactly a World Crisis, even more if you consider that the population of these two countries combined is half the population of the World.

What was the cause and why it didn't hit China and India?

 

[mb23100]

Cause white people write the headlines

 

[VivaRevolution]

It was more of an USA-Europe crisis since India and China only gained momentum from it.
So it's not exactly a World Crisis, even more if you consider that the population of these two countries combined is half the population of the World.

What was the cause and why it didn't hit China and India?

It did. China went from like 10% GDP growth to 4%.

As bad as the losses were from the GFC, it was the volatility that was dangerous. We were seeing 1,000 point swings daily in markets all across the world. That is a sign that a collapse is imminent.

 

[I Am Legion]

The next decade will see a world collapse. The more you have the more you will lose. I’m stocking up on canned goods now.

 

[Rjay]

China's growth rate dipped, but they held up in part thanks to a half billion USD stimulus package. They didn't slip into recession but they were also affected.

 

[snakedafunky]

The country that gained the most momentum from the financial crisis was actually Germany.
If you look at Germany 2008 and Germany 2018 is the big economic winner all things considered.
A lot of that has to do with Germany having relatively small service and banking sector compared to other countries.
And a very strong manufacturing base.

 

[therealdope]

China got slammed with exports dropping. WTF is TS talking about?

 

[JSN]

India is the Jackie Treehorn of countries.

 

[Plutoburn]

It was more of an USA-Europe crisis since India and China only gained momentum from it.
So it's not exactly a World Crisis, even more if you consider that the population of these two countries combined is half the population of the World.

What was the cause and why it didn't hit China and India?

Matter of perspective. If you live in the condition of most Indians and rural Chinese, you'd be calling that a crisis as well.

 

[Aegon Spengler]

A few select banks were the big winner in the financial crisis. Bailouts, and they bought up the hundreds of smaller banks that collapsed, consolidating their economic power and further weakening public trust in democratic institutions. Couldn’t have gone better if they’d planned it.

 

[Fedorgasm]

Because Americans and Europeans buy everything.

Anything that makes them buy less is bad for the world economy.

 

[Mike]

China in particular is passing down very little of that wealth.