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The Real Story

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Global experts and decision makers discuss, debate and analyse a key news story.

The Real Story: How Lehman's Collapse Changed the World

Factual

How Lehman's Collapse Changed the World

14/09/2018 GMT

BBC World Service - The Real Story, How Lehman's Collapse Changed the World

What have been the lasting consequences of the economic crash of 2008?

Ten years ago the US investment bank Lehman Brothers collapsed. The event rocked global stock markets and led to the biggest financial crash since the Great Depression. The decade that followed has been extraordinary. We've seen anger and discontent as living standards have fallen in large parts of the developed world. There's been political upheaval with the election of Donald Trump and the UK's vote for Brexit, while populists and demagogues have gained power across Europe. Ritula Shah and a panel of experts discuss the consequences of the 2008 financial crisis: low growth, a fragile global economy and a transformed political landscape. And, in the event of another crash, would governments have the ideas, the resources, and the goodwill to pull the global economy back from the brink?

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