The document summarizes the global economic crisis of 2008 and its effects. It discusses three key points: 1) The crisis originated from housing and credit market bubbles fueled by easy access to capital. As bubbles grew, a correction was inevitable. 2) The correction led to a recession, with world economic growth projected to slow significantly. India and other countries were heavily impacted by downturns in trade with the US, Europe, and China. 3) In the short term, pessimism and economic difficulties were expected to continue affecting India and the world. However, over the longer term beyond 24 months, optimism for recovery was expressed.

1. Crisis 2008 - History, Psychology and Future Laveesh Bhandari, Indicus Analytics All India Partners Conference KPMG November 25, 2008

8. Economic Activity Falling - Prices 3 Month Moving Average

11. Parts of India most affected

14. The Psychology of Crisis Acknowledgement: Department of Health and Human Services, US Government

18. The Future

22. Thank You