At the same time, these countries have also been hit hard by the credit crunch.

Else how did they miss the coming of the credit crunch?

"There certainly is a credit crunch in the home development business."

Where did they get it wrong on the economic response to the credit crunch?

They are likely to be the ones caught in the middle of the credit crunch.

A global credit crunch could keep interest rates high for the next several years.

But in the credit crunch, it is easy to get hurt.

The credit crunch became very real, although no one is certain what caused it.

I thought we put that argument to rest in the 1991-92 credit crunch.

I used to get 8% on my savings before the credit crunch and was making money every month.