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RBA Glossary definition for GFC

GFC – Global Financial Crisis

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Start Spreading the News: News Sentiment and Economic Activity in Australia

23 Dec 2020 RDP 2020-08
Kim Nguyen and Gianni La Cava
as the early 1990s recession, the 2008–09 global financial crisis (GFC) and the pandemic-led contraction more recently (Figure 2). ... In March 2020, the NUI rose to a record high level indicating that the pandemic caused more economic uncertainty
https://www.rba.gov.au/publications/rdp/2020/2020-08/full.html

News Sentiment versus Uncertainty

23 Dec 2020 RDP 2020-08
Kim Nguyen and Gianni La Cava
In March 2020, the NUI rose to a record high level indicating that the pandemic caused more economic uncertainty among Australian households and businesses than during the GFC (Figure 4).
https://www.rba.gov.au/publications/rdp/2020/2020-08/news-sentiment-versus-uncertainty.html

Is the News Sentiment Index Useful for Nowcasting?

23 Dec 2020 RDP 2020-08
Kim Nguyen and Gianni La Cava
1990s recession, the 2008–09 global financial crisis (GFC) and the pandemic-led contraction more recently (Figure 2).
https://www.rba.gov.au/publications/rdp/2020/2020-08/is-the-news-sentiment-index-useful-for-nowcasting.html