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Search results with tag "Great recession"
The Great Recession of 2008-2009: Causes, Consequences …
ftp.iza.orgIZA Discussion Paper No. 4934 May 2010 ABSTRACT The Great Recession of 2008-2009: Causes, Consequences and Policy Responses* Starting in mid-2007, the global financial crisis quickly metamorphosed from the bursting of
How the Great Recession Was Brought to an End
www.economy.comU.S. was suffering its worst economic down-turn since the 1930s. Real GDP was falling at about a 6% annual rate, and monthly job losses averaged close to 750,000. Today, the financial system is operating much more normally, real GDP is advancing at a nearly 3% pace, and job growth has resumed, albeit at an insufficient pace.