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See all on WikipediaGreat Recession - Wikipedia
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe … See more
Two interpretations of the word "recession" exist: one sense referring definitively to "a period of reduced economic activity" and ongoing hardship; and the more allegoric interpretation used in economics, which is defined operationally See more
Panel reports
The US Financial Crisis Inquiry Commission, composed of six Democratic and four Republican … See moreOn February 26, 2009, an Economic Intelligence Briefing was added to the daily intelligence briefings prepared for the President of the United States. This addition reflects the … See more
The Great Recession met the IMF criteria for being a global recession only in the single calendar year 2009. That IMF definition requires a decline in annual real world GDP per‑capita. Despite the fact that quarterly data are being used as recession definition … See more
Effects on the United States
Though no one knew they were in it at the time, the Great Recession had a significant economic and political impact on the United States. … See moreThe few recessions appearing early in 2006–07 are commonly never associated to be part of the Great Recession, which is illustrated by the fact that only two countries (Iceland … See more
The financial phase of the crisis led to emergency interventions in many national financial systems. As the crisis developed into genuine recession in many major economies, … See more
Wikipedia text under CC-BY-SA license Great Recession in the United States - Wikipedia
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December 2007 to June 2009, it took many years for the economy to recover to pre-crisis levels of employment and output. This slow recovery was due in part to households and financial institutions paying off debts accumulated in the years preceding the crisis along with restrained government spending following initial stimulus efforts. …
Wikipedia · Text under CC-BY-SA licenseCauses of the Great Recession - Wikipedia
Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis.
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Great Recession - Simple English Wikipedia, the free encyclopedia
The combination of banks unable to provide funds to businesses, and homeowners paying down debt rather than borrowing and spending, resulted in the Great Recession. It began in the U.S. …
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The Great Recession - Federal Reserve History
Nov 22, 2013 · Learn about the causes, effects, and responses of the Great Recession, the longest and most severe economic downturn since World War II. Explore the Federal Reserve's role in monetary policy, credit easing, and …
Great Recession | Causes, Effects, Statistics, & Facts | Britannica …
Feb 15, 2025 · Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. Beginning in late 2007 …
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Great Recession ‑ Definition, Cause & 2008 - HISTORY
Dec 4, 2017 · Learn about the global economic downturn that started in 2007 and lasted until 2009, and its impact on the U.S. and Western Europe. Find out the causes, effects and responses of the subprime mortgage crisis, the stock …
Great Recession: What It Was and What Caused It
Dec 18, 2023 · Learn what the Great Recession was, how it started, and what factors contributed to it. Find out how the U.S. and global economies recovered from the crisis and what policies were enacted to prevent another one.
List of recessions in the United States - Wikipedia
13 rows · Before the COVID-19 recession began in March 2020, no post-World War II era had come anywhere near the depth of the Great Depression, which lasted from 1929 until 1941 (which included a bull market between 1933 and …
What Is The Great Recession? – Forbes Advisor
Jun 21, 2023 · The Great Recession of 2008 to 2009 was the worst economic downturn in the U.S. since the Great Depression.
Great Recession Timeline ‑ Recovery, US & 2008
Dec 4, 2017 · Learn about the key events and milestones of the Great Recession, the most significant economic downturn since the Great Depression. See how the crisis affected the U.S. and global markets, the government, and the people.
The Great Recession and Its Aftermath - Federal Reserve History
Nov 22, 2013 · In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession. That …
What Really Caused the Great Recession? – Institute for …
Sep 19, 2018 · In this brief, we review research from IRLE faculty affiliate and UC Berkeley sociologist Neil Fligstein on the root causes of the Great Recession. What caused the banking …
Timeline of the Great Recession - Wikipedia
This article gives the timeline of the Great Recession, which hit many developed economies in the wake of the 2007–2008 financial crisis. Note: The date indicated is that of the official …
What was the Great Recession? Definition and examples
The Great Recession, in the United States, started in December 2007 and lasted until June 2009. It was the longest recession since the Great Depression in the 1930s. Real GDP shrank by …
The Great Recession in the U.S. - Statistics & Facts
The Great Recession was a period of economic contraction caused by the Global Financial Crisis (2007-2009). The recession officially lasted from December 2007 until June 2009, however, its...
What Was the Great Recession? How Did It Affect the World?
Jul 28, 2022 · During a recession, companies fold, people lose their jobs, and manufacturing output declines on lower demand. The recession of 2007–2009, however, is known as the …
2008 financial crisis - Wikipedia
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late …
Recessions and Depressions | Federal Reserve History
Economic downturns in American history have ranged from mild recessions to severe depressions. The worst downturn in U.S. history lasted from 1929 to 1941. This 2007-09 …
Great Depression - Wikipedia
Unemployed people lined up outside a soup kitchen opened in Chicago by Al Capone during the Great Depression in February 1931. The Great Depression was a severe global economic …
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