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Spain's Socialist government admitted for the first time that it will miss its 2011 economic growth target, just four days before an expected election drubbing.
Spanish Prime Minister Mariano Rajoy played down fears the country would need an international bailout, saying the country would find its own way out of the financial crisis.
Stock markets worldwide plunged on Thursday amid fears of a new global economic downturn, with Wall Street suffering its worst day since the financial crisis.
A huge jump in earmnings has helped US mortgage giant Freddie Mac pay back more than its bailout during the 2008 global financial crisis.
GFC comedy gamble pays off.
Dubai has reached an agreement to extend payment of $US20 billion ($A22.23 billion) of debt outstanding since the global financial crisis.
Consumer sentiment sagged in January for the first time since the global financial crisis in 2008, as people fret about financial market instability.
US President Donald Trump will on Friday take the first step to rolling back major regulations which resulted from the global financial crisis of 2008.
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The 'big four' banks have dismissed the possibility of a rate cut in 2026, raising concerns about "renewed talk" of a cost of living crisis.
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