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Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009. [1] The scale and timing of the recession varied from country to country (see map).
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 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the 2007–2008 financial crisis. The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average.
The National Bureau of Economic Research, the arbiter of when recessions begin and end, has reported that the Great Recession ended June 2009. In a report released Monday, the NBER's Business ...
The number of unemployed people worldwide could increase by more than 50 million in 2009 as the global recession intensifies, the ILO has forecast. [18] In December 2007, the U.S. unemployment rate was 4.9%. [19] By October 2009, the unemployment rate had risen to 10.1%. [20]
Since the recession began in December 2007, 4.4 million jobs have been lost; more than half of that decline occurred between November 2008 and February 2009, 10 Recession-Proof Jobs Skip to main ...
Although the Great Recession officially ended in June 2009, the strength and sustainability of the recovery is still in question. While the statistical pulse of the economy -- GDP, industrial ...