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- Great_Recession abstract "The Great Recession (also referred to as the Lesser Depression, the Long Recession, or the global recession of 2009) was a global economic decline in the late 2000s decade. According to aggregated national data, a worldwide recession began in Q3-2008 and ended in Q1-2009. It is related to a liquidity crisis, commonly being dated to have started when several central banks had to step in with liquidity lending to the interbank lending market on 9 August 2007. This was a response to a situation where BNP Paribas temporarily had to block money withdrawals from three hedge funds—citing a "complete evaporation of liquidity". The bursting of the U.S. housing bubble, where the median price for real estate home sales in US started to decline after its peak in July 2006, had caused the values of securities tied to U.S. real estate pricing to plummet, which damaged financial institutions globally—to a degree ultimately resulting in the subsequent interbank credit crisis. The first sign of the lurking interbank credit crisis came in March 2007, when the United States' subprime mortgage industry collapsed due to higher-than-expected home foreclosure rates, with more than 25 subprime lenders declaring bankruptcy, announcing significant losses, or putting themselves up for sale.The Great Recession only met the IMF criteria for being a global recession, requiring a decline in annual real World GDP per‑capita (Purchasing Power Parity weighted), in the single calendar year 2009. Despite the fact that quarterly data are being utilized as recession definition criteria by all G20 members, representing 85% of the World GDP, IMF has decided—because of the absence of a complete data set—not to declare/measure global recessions according to quarterly GDP data. The seasonally adjusted PPP‑weighted real GDP for the G20‑zone, however is a good indicator for the World GDP, and it was measured to have suffered a direct quarter on quarter decline during the three quarters from Q3‑2008 until Q1‑2009, which more accurately mark when the recession took place at the global level. The exact start and end-point for the recession at the national level, however greatly varied from country to country, and some countries did not experience any recession at all.Many countries in Europe had a second recession, starting on average about three years after the first one. Some (Germany, Switzerland, Sweden) did not have a second recession. Most countries outside Europe did not have a second recession.The recession affected the entire world economy, with greater detriment to some countries than others, but overall to a degree which made it the worst global recession since World War II. It was a major global recession characterised by various systemic imbalances, and was sparked by the outbreak of the U.S. subprime mortgage crisis and financial crisis of 2007–08. The economic side effects of the European sovereign debt crisis, austerity, high levels of household debt, trade imbalances, high unemployment, and limited prospects for global growth in 2014, continue to provide obstacles for many countries to achieve a full recovery from the recession.".
- Great_Recession thumbnail GDP_Real_Growth.svg?width=300.
- Great_Recession wikiPageExternalLink index.cfm?fa=view&id=23283&prog=zgp&proj=zie.
- Great_Recession wikiPageExternalLink index.cfm?fa=view&id=23284&prog=zgp&proj=zie.
- Great_Recession wikiPageExternalLink 85j5n55b.
- Great_Recession wikiPageExternalLink default.stm.
- Great_Recession wikiPageExternalLink recession.
- Great_Recession wikiPageExternalLink m.
- Great_Recession wikiPageExternalLink forecastfinancialcrisis.
- Great_Recession wikiPageExternalLink index.cfm?p=articles&ct_id=10.
- Great_Recession wikiPageExternalLink el1307.pdf.
- Great_Recession wikiPageExternalLink 9jv108xp.
- Great_Recession wikiPageExternalLink globalrecession.
- Great_Recession wikiPageExternalLink index.htm.
- Great_Recession wikiPageExternalLink usatoday2008.
- Great_Recession wikiPageID "19337279".
- Great_Recession wikiPageRevisionID "606780991".
- Great_Recession hasPhotoCollection Great_Recession.
- Great_Recession subject Category:2000s_economic_history.
- Great_Recession subject Category:2010s_economic_history.
- Great_Recession subject Category:Economic_disasters.
- Great_Recession subject Category:Great_Recession.
- Great_Recession subject Category:Recessions.
- Great_Recession subject Category:World_economy.
- Great_Recession comment "The Great Recession (also referred to as the Lesser Depression, the Long Recession, or the global recession of 2009) was a global economic decline in the late 2000s decade. According to aggregated national data, a worldwide recession began in Q3-2008 and ended in Q1-2009. It is related to a liquidity crisis, commonly being dated to have started when several central banks had to step in with liquidity lending to the interbank lending market on 9 August 2007.".
- Great_Recession label "Crise économique mondiale des années 2008 et suivantes".
- Great_Recession label "Crisi economica del 2008-2014".
- Great_Recession label "Crisis económica de 2008-2014".
- Great_Recession label "Grande Recessão".
- Great_Recession label "Great Recession".
- Great_Recession label "Weltwirtschaftskrise ab 2007".
- Great_Recession label "Мировой экономический кризис (с 2008 года)".
- Great_Recession label "الركود الاقتصادي 2008".
- Great_Recession label "经济大衰退".
- Great_Recession sameAs Ekonomická_krize_od_2007.
- Great_Recession sameAs Weltwirtschaftskrise_ab_2007.
- Great_Recession sameAs Παγκόσμια_οικονομική_ύφεση_2008.
- Great_Recession sameAs Crisis_económica_de_2008-2014.
- Great_Recession sameAs Atzeraldi_Handia.
- Great_Recession sameAs Crise_économique_mondiale_des_années_2008_et_suivantes.
- Great_Recession sameAs Krisis_ekonomi_2008.
- Great_Recession sameAs Crisi_economica_del_2008-2014.
- Great_Recession sameAs 대침체.
- Great_Recession sameAs Grande_Recessão.
- Great_Recession sameAs m.03qk63k.
- Great_Recession sameAs Q154510.
- Great_Recession sameAs Q154510.
- Great_Recession wasDerivedFrom Great_Recession?oldid=606780991.
- Great_Recession depiction GDP_Real_Growth.svg.
- Great_Recession isPrimaryTopicOf Great_Recession.