1939)..

Beginning in late 2007 and lasting until mid-2009, it was the longest and deepest economic downturn in many countries, including the United States, since the Great Depression (1929–c. In 2009, the gross domestic product was $14.449 trillion, down 2.5% from the previous year, according to the 2018 revised estimate by the Bureau of Economic Analysis (BEA). In the last few months we have seen several major financial institutions be absorbed by other financial institutions, receive government bailouts, or outright crash. At the onset of intensified global crisis in 2008, the share in GDP of manufacturing (23.1 percent) in the economy had already shrunk to as small as it was in the 1950s and agriculture (18.1 percent) to its smallest in the country’s history. During the … May 15 French Institute of Statistics and Economic Studies announce French narrowly avoided recession in 2008, gross domestic product shrank 1.2% in 1st quarter of 2009 after falling by 1.5% in final quarter of 2008; May 15 Eurostat report that Austria, Belgium, and Romania have all entered recession in the first quarter of 2009 Before acceptance into the Eurozone in 2001, Greece’s economy was plagued by several problems. The Great Recession is the name commonly given to the 2008 – 2009 financial crisis that affected millions of Americans.

Since then, the number of job Understanding Greece Before the Euro . A look at the two most closely followed stories each week shows how the economy and the health care debate consistently dominated the public’s news interests.

The U.S. economy suffered a major recession from the fourth quarter of 2007 until the third quarter of 2009. The most-read stories of 2009 From the king of pop to the queen of reality TV, from swine flu to MPs' expenses, these are among the year's most-read stories. Ongoing financial crisis and recession which began in late 2007 continues with many calling it the worst financial crisis since the Great Depression of the 1930s causing house prices to decline, and unemployment to increase. The Great Recession was a global economic downturn that devastated world financial markets as well as the banking and real estate industries. The crisis led to If anything, the Philippine economy’s globalization-induced decline accelerated in 2009. The United States' economy continued to struggle in 2010 as policymakers attempted to navigate the difficult transition from recession to recovery. Growth returned in the third quarter of 2009, signaling the end of the Great Recession. In 2009 events and conditions in the Global banking and financial systems were a direct response to the credit crunch that followed the September 2008 bankruptcy of the American investment bank Lehman Brothers.

Interest in the economy and related stories, including the economic stimulus bill … World . At the start of the year, the world economy faced … recession, the number of job openings decreased 44 percent while employment declined 5 percent over that same period. 2009 in Review. A month after the official end of the most recent recession, in July 2009, the number of job openings declined to a series low of 2.1 million.

There are goodbyes and near-misses, extremes in the weather, and a few light-hearted moments alongside more serious tales. Germany's export-dependent economy was deeply affected by the collapse of ­Lehman Brothers in September 2008, but recovered quickly to emerge from recession in the second quarter of 2009.

Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries.

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