Economics

When Was Last Recession?

The Great Recession was a period of economic slump that lasted from 2007 to 2009, following the bursting of the housing bubble in the United States and the worldwide financial crisis. The Great Recession was the worst economic downturn in the United States since the 1930s’ Great Depression. Federal authorities unleashed unprecedented fiscal, monetary, and […]

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What Three Things Helped To Cause The 2000s Recession?

The Great Recession, which ran from December 2007 to June 2009, was one of the worst economic downturns in US history. The economic crisis was precipitated by the collapse of the housing market, which was fueled by low interest rates, cheap lending, poor regulation, and hazardous subprime mortgages. New financial laws and an aggressive Federal

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When Is It A Recession?

A recession is a prolonged period of low economic activity that might last months or even years. When a country’s economy faces negative gross domestic product (GDP), growing unemployment, dropping retail sales, and contracting income and manufacturing metrics for a protracted period of time, experts call it a recession. Recessions are an inescapable element of

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Which Country Produces The Most Greenhouse Gas Emission Per GDP?

China is by far the world’s largest CO2 emitter, with the world’s largest population and one of the fastest rising economies for decades. In 2017, the superpower emitted about 10,000 million metric tons of CO2 from the burning of fossil fuels. China’s CO2 emissions per capita, at 7.1 metric tons per person, are lower than

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