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Well, apart from the US: 1. In Japan, the crisis resulted in a prolonged period of economic stagnation, known as the "Lost Decade," which lasted from the early 1990s to the early 2000s. The country had already been struggling with a banking crisis and a property market crash, and the dot-com bubble burst only made things worse. 2. In Europe, the crisis led to a slowdown in economic growth, particularly in Germany, which was heavily dependent on exports. The country was hit by declining demand from the United States, which was one of its biggest trading partners. 3. In emerging market economies, the crisis led to a decline in investment flows and a slowdown in economic growth. Countries like Brazil, Mexico, and Argentina were particularly affected, as they were heavily dependent on foreign investment to finance their economic growth. Overall, IMO the 2000 crisis had rather a significant impact on the global economy, leading to a decline in economic growth in many countries. I wouldn't call it "soft landing". |