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2007–2009 international economic decline
The Great Recession was a period of market decline in economies around the world (particularly in the western world and associated countries) that occurred
Great_Recession
There have been as many as 48 recessions in the United States dating back to the Articles of Confederation, and although economists and historians dispute
List of recessions in the United States
List_of_recessions_in_the_United_States
Major economic downturn in the United States
In the United States, the Great Recession was a severe financial crisis combined with a deep recession. While the recession officially lasted from December
Great Recession in the United States
Great_Recession_in_the_United_States
European economic recession
The European recession is part of the Great Recession that began in mid-2007. The crisis spread rapidly and affected much of the region, with several countries
Great_Recession_in_Europe
Many factors directly and indirectly serve as the causes of the Great Recession that started in 2008 with the US subprime mortgage crisis. The major causes
Causes_of_the_Great_Recession
Dance-pop music that emerged during the Great Recession
Recession pop is a loosely defined style of music predominantly associated with dance-pop and electropop that emerged during the Great Recession in the
Recession_pop
Economic term to distinguish types of recessions
Recession shapes, or recovery shapes, are terms used by economists to describe different types of recessions and their subsequent recoveries. There is
Recession_shapes
Economic downturn, primarily due to the COVID-19 pandemic
The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year
COVID-19_recession
The Great Recession in Oceania was the great recession of the late 2000s and early 2010s in Oceania. The Oceanic countries suffered minimal impact during
Great_Recession_in_Oceania
Worldwide economic depression (1929–1939)
LCCN 34027244. Fleisher, Larry (30 October 2009). "The Great Depression and the Great Recession". Forbes. Dorfman, Joseph (1959). The economic mind in
Great_Depression
This article gives the timeline of the Great Recession, which hit many developed economies in the due to the 2008 financial crisis. Note: The date indicated
Timeline of the Great Recession
Timeline_of_the_Great_Recession
Comparisons between the Great Recession and the Great Depression explores the experiences in the United States and the United Kingdom. On April 17, 2009
Comparisons between the Great Recession and the Great Depression
Comparisons_between_the_Great_Recession_and_the_Great_Depression
points of the global Great Recession. While Canada has managed to return its economy nearly to the levels it enjoyed prior to the recession, the United States
Great Recession in the Americas
Great_Recession_in_the_Americas
The Great Recession in Russia was a crisis during 2008–2009 in the Russian financial markets as well as an economic recession that was compounded by political
Great_Recession_in_Russia
Business cycle contraction
economics, a recession is a business cycle contraction that occurs when there is a period of broad decline in economic activity. Recessions generally occur
Recession
Economic events from 2007 to 2012
information is related to the effects of the Great Recession that happened worldwide from 2007 to 2012. The Great Recession was the worst post-World War II contraction
Effects of the Great Recession
Effects_of_the_Great_Recession
Economic downturn that occurred during the Great Depression in the United States
The recession of 1937–1938 was an economic downturn that occurred during the Great Depression in the United States. By the spring of 1937, production,
Recession_of_1937–1938
While beginning in the United States, the Great Recession (late 2000s and early 2010s) spread to Asia rapidly and has affected much of the region. In
Great_Recession_in_Asia
1974 book by Harry Braverman
number of Marxists such as Walter Polakov. Amidst the aftermath of the Great Recession, on Labor Day 2009, the Wall Street Journal declared Labor and Monopoly
Labor_and_Monopoly_Capital
Recession that affects many countries around the world
A global recession is a recession that affects many countries around the world—that is, a period of global economic slowdown or declining economic output
Global_recession
construction projects are taking shape in Dubai. However, due to the Great Recession, several mega projects were put on hold, including the Palm Islands
List of development projects in Dubai
List_of_development_projects_in_Dubai
2008 studio album by Young Jeezy
Dat". The Recession 2, the album's sequel was released in 2020. The albums title and lyrics make references to the 2007-2008 Great Recession in the United
The_Recession
British economist
Bezemer argues that Godley was notable for predicting the nature of the Great Recession of the late 2000s well in advance, and for doing so on the basis of
Wynne_Godley
Book by Claudia Sanchez Bajo and Bruno Roelants
maximize short-term performance at the expense of the long term. The Great Recession was described as "The Mother of All Crises" with substantial wealth
Capital_and_the_Debt_Trap
Phenomenon in economies of developed nations since the mid-1980s
There is some debate as to whether the Great Moderation ended with the 2008 financial crisis and the Great Recession, or if it continued beyond this date
Great_Moderation
Worldwide economic crisis
bank runs in several countries. The crisis exacerbated the Great Recession, a global recession that began in late-2007, as well as the United States bear
2008_financial_crisis
nations of the world enacted fiscal stimulus plans in response to the Great Recession. These nations used different combinations of government spending and
National fiscal policy responses to the Great Recession
National_fiscal_policy_responses_to_the_Great_Recession
financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and
List of banks acquired or bankrupted during the Great Recession
List_of_banks_acquired_or_bankrupted_during_the_Great_Recession
increased to 37% of GDP. The deficit continued to grow and, following the Great Recession beginning in early 2008, both government borrowing and the national
History of the British national debt
History_of_the_British_national_debt
many of the policies adopted or discussed since the beginning of the Great Recession, have centred on the sectors of Finance, Housing and Public Debt, among
Global_imbalances
to a peak of 12.2 million in 2007," then dropped sharply during the Great Recession before stabilizing in 2009. Pew estimated the total population to be
Undocumented immigrant population of the United States
Undocumented_immigrant_population_of_the_United_States
American economist
serious recession of 1982, which Blinder states "was called the Great Recession in its day", fits comfortably within this category of a typical recession, which
Carmen_Reinhart
Type of economic recession
A balance sheet recession is a type of economic recession that occurs when high levels of private sector debt cause individuals or companies to collectively
Balance_sheet_recession
World Wars further weakened the UK's relative position. During the Great Recession of 2008, the UK economy suffered a significant decline, followed by
Economy_of_the_United_Kingdom
German yacht manufacturer
as a production facility located in Freienohl, Germany. During the Great Recession, the boating industry was affected by a slump in global sales. The
HanseYachts
Global stock market crash
decline since the 2020 stock market crash, which occurred during the recession caused by the COVID-19 pandemic. Trump entered his second term with a
2025_stock_market_crash
American economist (born 1945)
expectations", but criticized for economic and environmental reasons. The Great Recession started in December 2007 and bottomed-out in June 2009, at which point
Alan_Blinder
Global stock market crash
crash spilled over into its real economy, contributing to a prolonged recession. The effects of the worldwide economic boom of the mid-1980s had been
Black_Monday_(1987)
to fall in recession. Other countries like Morocco and Egypt, which benefited from their previous high economic growth experienced a great decline due
Great_Recession_in_Africa
Defunct mall in Sanford, Florida
Volusia counties, but it experienced significant decline during the Great Recession and the COVID-19 pandemic. The mall (with the exception of its four
Seminole_Towne_Center
American politician
Nashville. During Dean's first term, he faced two major challenges: the Great Recession and the 2010 Tennessee floods. During his two terms in office, Dean
Karl_Dean
Attempts to use monetary or fiscal policy to stimulate the economy
problem was lack of credit, not lack of money, and hence, during the Great Recession, the Federal Reserve led by Bernanke provided additional credit, not
Stimulus_(economics)
High inflation, low economic growth, and high unemployment
combat a recession. The increased money supply props up the demand for goods and services, though demand would normally drop during a recession.[citation
Stagflation
American investment management firm
investing in distressed debt, bankruptcies and restructurings. The Great Recession resulted in a record high level of defaults and bankruptcies across
Paulson_&_Co.
Approach to the study of history
The great man theory is an approach to the study of history popularised in the 19th century. According to it, history can be largely explained by the
Great_man_theory
Process of making predictions about the economy
Robert Shiller). The failure of the majority of them to forecast the "Great Recession" caused soul searching in the profession. The UK's Queen Elizabeth
Economic_forecasting
American economist
Executive Education Institute. Med Jones is an economist who predicted the Great Recession of 2008, which stemmed from the 2000s United States housing bubble
Med_Jones
casualties. The collapse of the housing bubble in 2007 led to the Great Recession. The resulting economic downturn and general discontent led Barack
History of the United States (1991–2016)
History_of_the_United_States_(1991–2016)
Overview of the impact of the Great Recession in South Africa
The Great Recession in South America primarily involved disruptions to the bond markets of Brazil, Argentina, Colombia and Venezuela. As most South American
Great Recession in South America
Great_Recession_in_South_America
to the subprime mortgage crisis, the 2008 financial crisis, and the Great Recession. These events, including the bankruptcy of Lehman Brothers, caused
Closing milestones of the S&P 500
Closing_milestones_of_the_S&P_500
interest rates at the discount window to bail out the economy during the Great Recession. Since the commercial banks are able to retrieve loans at a lower rate
Discount_policy
Occupation of land without lawful permission in the United States
squatting during the Great Depression in Hoovervilles and also during World War II. Shanty towns returned to the US after the Great Recession (2007–2009) and
Squatting in the United States
Squatting_in_the_United_States
of 1929 and Great Depression (1929–1939), one of the worst economic crises in history Recession of 1937–1938 Recession of 1949 Recession of 1953 1957–1958
List_of_economic_crises
2007 mortgage crisis in the United States
contributing to the 2008 financial crisis. It led to a severe economic recession, with millions becoming unemployed and many businesses going bankrupt
Subprime_mortgage_crisis
Money designed to lose purchasing power
on 24 December 1958, due to the passage of ordinance 58-1298. The Great Recession inspired many communities to establish local demurrage currencies.
Demurrage_currency
Period of economic stagnation in the Western world
The 1973–1975 recession or 1970s recession was a period of economic stagnation in much of the Western world (i.e. the United States, Canada, Western Europe
1973–1975_recession
U.S. financial services firm
specialized teams to invest in distressed debt and second lien loans. The Great Recession lasted from 2007 to 2009. As a BDC, American Capital had to fair-value
American_Capital
British-based financial services company
for £140 million, valuing the company at £1.4 billion. During the Great Recession of 2008–2009, CMC Markets experienced a significant decline in profits
CMC_Markets
1966 book by Paul Sweezy and Paul A. Baran
monopoly capitalism." It attracted renewed attention following the Great Recession. Big business can maintain setting prices at high levels while still
Monopoly_Capital
Default of three major Icelandic banks
Icelandic outvasion List of banks acquired or bankrupted during the Great Recession List of stock market crashes and bear markets Stock market crash Stock
2008–2011 Icelandic financial crisis
2008–2011_Icelandic_financial_crisis
2014 American film by David Fincher
disappearance, Nick and Amy's marriage deteriorated. Both lost their jobs in the recession and moved from New York to Nick's hometown to support his dying mother
Gone_Girl_(film)
American economist (1926–2026)
142. ISBN 978-0-393-33780-8. Canterbery, E. Ray (2013). The Global Great Recession. World Scientific. pp. 123–135. ISBN 978-981-4322-76-8. Stevenson,
Alan_Greenspan
2009 season of American television series
trailer and fruit for Charlie, and picking up a hitchhiker. 48 3 "The Great Recession" Fred Savage David Hornsby October 1, 2009 (2009-10-01) IP05007 2.01
It's Always Sunny in Philadelphia season 5
It's_Always_Sunny_in_Philadelphia_season_5
great changes in the economy over the centuries, it is difficult to compare the severity of modern recessions to that of early recessions. Recessions
Economy_of_the_United_States
the Great Depression of the 1930s and the two world wars; and a final period of sluggish growth that has been exacerbated by a double-dip recession following
Economy_of_Italy
Economic bubble
from the bursting of the housing bubble is an important cause of the Great Recession in the United States. Increased foreclosure rates in 2006–2007 among
2000s United States housing bubble
2000s_United_States_housing_bubble
American businessman and politician (1930–2019)
trickle-down economics". In his famous The Populist Explosion: How the Great Recession Transformed American and European Politics publication, John Judis
Ross_Perot
Dutch photolithography company
machines. While sales were negatively impacted by the start of the Great Recession in 2008, ASML had effectively recovered by 2011. In July 2012, Intel
ASML
Effect of the 2008 financial crisis
losses caused by the Great Recession refers to jobs that have been lost worldwide within people since the start of the Great Recession. In the US, job losses
Job losses caused by the Great Recession
Job_losses_caused_by_the_Great_Recession
Late 2000s-early 2010s aesthetic trend
mid-2000s has been described as an optimistic response to 9/11 and the Great Recession and led to a rise in amateur flash photography, hedonistic partying
Indie_sleaze
Marketing term for a highly comfortable vehicle
(Hyundai) in 2015. The 2008 financial crisis and the Great Recession marked the first time since the Great Depression that the luxury car market suffered considerably
Luxury_car
Flat expanse in western North America
The Great Plains (French: Grandes Plaines) is a broad expanse of flatland in North America. The region stretches east of the Rocky Mountains, much of
Great_Plains
2011 American film by J. C. Chandor
glittering surfaces." United States portal Film portal Economics portal Great Recession Wall Street (1987) Wall Street: Money Never Sleeps (2010) Inside Job
Margin_Call
greater spending would have worked. Books portal Economics portal Great Recession American Recovery and Reinvestment Act of 2009 Keynesian economics
End_This_Depression_Now!
Canonical novel that is thought to embody the essence of America
The "Great American Novel" (sometimes abbreviated as GAN) is the term for a canonical novel that generally embodies and examines the essence and character
Great_American_Novel
Major stock market crash in the United States
economies. The "Roaring Twenties", the decade following World War I and the Recession of 1920–1921, has been scholarly and biographically regarded as an era
Wall_Street_crash_of_1929
Temporary spike in asset prices
market bubble (which caused the Great Depression) and the United States housing bubble (which caused the Great Recession). The impact of economic bubbles
Economic_bubble
American writer and commentator (born 1944)
midst of the recession, saying that: There is no known economic theory under which raising my taxes in the midst of a severe recession will help the
Ben_Stein
2015 film by Adam McKay
portal Bankruptcy of Lehman Brothers The Last Days of Lehman Brothers Great Recession Inside Job (2010 film) Margin Call (2011 film) Too Big to Fail (film)
The_Big_Short_(film)
Idea that the construction of skyscrapers predicts an economic crash
and the economy is ready for recession. Mark Thornton's Skyscraper Index Model successfully predicted the Great Recession at the beginning of August 2007
Skyscraper_Index
Situation described in Keynesian economics
supply that fail to translate into changes in inflation. The Great Depression, the Great Recession and Japan's Lost Decades are examples of liquidity traps
Liquidity_trap
British electrical retailer
loss – its first in 16 years – of £8.9 million. The "brutal consumer recession" had, said retail analyst Neil Saunders, left the market "in quite a steep
Comet_(retailer)
Canadian politician and journalist (born 1968)
the United States are becoming increasingly plutocratic since the Great Recession is not unfounded, explaining that those of first- and second-generation
Chrystia_Freeland
2007–2008, and the Great Recession that followed. Economic performance during the period was adversely affected by two recessions, in 2001 and 2007–2009
Economic policy of the George W. Bush administration
Economic_policy_of_the_George_W._Bush_administration
City in Michigan, United States
the recession. In 2012, Grand Rapids was listed as a metropolitan area that experienced the best economic recovery following the Great Recession according
Grand_Rapids,_Michigan
Economic phenomenon in California
discriminated populations in the Bay Area. Following the 2007–2009 Great Recession, there is evidence to suggest that the middle-class has struggled to
Hourglass economy in Silicon Valley
Hourglass_economy_in_Silicon_Valley
Period of economic stagnation in Japan
levels continued to rise due to the Great Recession, the 2011 Tōhoku earthquake and tsunami, and the COVID-19 recession. Broadly affecting the entire Japanese
Lost_Decades
Americans owning 50%, and the bottom 80% owning 7%. However, after the Great Recession, which began in 2007, the share of total wealth owned by the top 1%
Wealth inequality in the United States
Wealth_inequality_in_the_United_States
2017 book by Jessica Bruder
Bruder about the phenomenon of older Americans who, following the Great Recession from 2007 to 2009, adopted transient lifestyles traveling around the
Nomadland: Surviving America in the Twenty-First Century
Nomadland:_Surviving_America_in_the_Twenty-First_Century
when labour productivity is factored into the formula. During the Great Recession, Bulgaria saw its economy decline by 5.5% in 2009, but quickly restored
Economy_of_Bulgaria
Economic downturn
1990s recession describes the period of economic downturn affecting much of the Western world in the early 1990s. The impacts of the recession contributed
Early_1990s_recession
American economist
Wealth Was Destroyed in the Great Recession?". In Grusky, David; Western, Bruce; Wimer, Christopher (eds.). The Great Recession. Russell Sage Foundation
Lindsay_Owens
Sharp deflationary recession
August 1929, until the stock market crash that triggered the Great Depression. The recession lasted from January 1920 to July 1921, or 18 months, according
Recession_of_1920–1921
1845–1852 mass starvation in Ireland
The Great Famine, also known as the Great Hunger (Irish: an Gorta Mór [ənˠ ˈɡɔɾˠt̪ˠə ˈmˠoːɾˠ]), the Famine and the Irish Potato Famine, was a period of
Great_Famine_(Ireland)
Family lifestyle
term was coined at the height of yuppie culture in the 1980s. The Great Recession solidified this social trend, as more couples waited longer to have
DINK
17-month bear market
on the newly arriving Obama Administration. In February 2007, a coming recession and bear market was predicted by Paul Lamont due to a growing debt bubble
United States bear market of 2007–2009
United_States_bear_market_of_2007–2009
United States and the United Kingdom were affected greatly by the Great Recession. Dwindling financial endowments from wealthy patrons forced some museums
Effects of the Great Recession on museums
Effects_of_the_Great_Recession_on_museums
Obama's first term (2009–2013) included measures designed to address the Great Recession and subprime mortgage crisis, which began in 2007. These included a
Economic policy of the Obama administration
Economic_policy_of_the_Obama_administration
of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is
List of recessions in the United Kingdom
List_of_recessions_in_the_United_Kingdom
Country in Northwestern Europe
referred to as the Celtic Tiger period. A recession and reversal in growth then followed during the Great Recession, which was exacerbated by the bursting
Republic_of_Ireland
travel, tourism, insurance
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travel, tourism, insurance