Under the recent global financial crisis, there were massive layoffs in export-dependent Guangdong province.

受全球金融危机影响，依赖于出口的广东省失业人数大增。

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Severe problems in the U. s housing market and a stalled credit market sparked the recent global financial crisis.

美国房市的严重问题和停滞的信贷市场引发了最近的全球金融危机。

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There has been good news in recent weeks for investors who watched stock markets decline sharply amid the global financial crisis.

VOA: standard.2009.10.16

Low levels of capital relative to assets were a major factor in the recent global financial crisis.

BBC: Global bankers agree new capital reserve rules

It's also Israel's economic engine, home to a thriving high-tech industry and buoyant banking sector that helped the country escape the recent global financial crisis relatively unscathed.

WSJ: Insider's Guide to Tel Aviv: Middle Eastern Promises | Journal Concierge

In a recent report, " The Implications of the Global Financial Crisis for Low-Income Countries, " the Fund singled out sub-Saharan Africa as particularly vulnerable to the crisis, as lower global growth reduces export demand and depresses commodity prices.

CNN: Lesson for Africa from global economic crisis