Late 2000s recession As one of the most developed regions in the world, the late 2000s early 2010s recession in the Americas is seen as one of worst disaster areas of all the world. While Canada has managed to return their economy nearly to the levels they enjoyed prior to the recession, ref http www.conferenceboard.ca ... items have dropped dramatically in the United States as a result of the recession. This can be seen ... recession in the United States see also Subprime mortgage crisis Image Foreclosure Trend.png thumb ... id 23518599 Employers Slash 63,000 Jobs in February , Most in 5 years, Feeding Recession .... The recession officially started in Q4. The almost 1 year delay of the start of the recession ... component of the Canadian economy and delaying the start of recession. In early December 2008, the Bank ... level since 1958, also declared that Canada s economy was entering in recession. ref name google.com ... title Canada entering a recession, central bank slashes key rate to 1.5 per cent publisher The Canadian ... ArticleNews story CTVNews 20081125 recession economy 081125 20081125?hub TopStories Canada s jobless ... officially declared the recession to be over in Canada. ref http www.thestar.com article 670645 Bank declares recession over, The Toronto Star, July 23, 2009 ref However, the true economic recovery ... title Recession is spreading from U.S. to Mexico s economy work Dallas Morning News date December 29, 2008 agency The New York Times location accessdate 2009 01 04 ref The recession did not show up until 2009, but the recession already slowed down in 2008. The country had a positive growth of 1.5 ... 2007 10 recession in South America As it mainly consists of commodity exporters, South America was not directly ... america recession can be avoided title South America Recession Can Be Avoided publisher CEPR date November ... http www.cepr.net index.php op eds & columns op eds & columns south america recession can be avoided ... recession in the Americas Category Late 2000s financial crisis Americas Category Late 2000s global real ... more details
been at the peak in 1937. In most sectors, hourly earnings continued to rise throughout the recession ... recession 22 22milton friedman 22&source bl&ots X zQUwXqM&sig GyT89oXJVYLPtk8s KaBJr1QDM&hl ... until after the recession began. ref cite web url http mises.org daily 4039 title Dangerous Lessons ... Alan Brinkley. The End Of Reform New Deal Liberalism in Recession and War . 1995 John J. Coleman .... A. Hayes, Business Confidence and Business Activity A Case Study of the Recession of 1937, Michigan ..., 1890 1943 University of Massachusetts Press, 2000 Kenneth D. Roose. The Recession of 1937 38 ... of Recession and Revival an Interpretation of 1937 38 1954 Richard Ruggles. An Introduction ... Statistics 20 1938 97 110 Great Depression US recessions Stock market crashes DEFAULTSORT Recession ... more details
Use British English date March 2012 Use dmy dates date March 2012 Late 2000s recession There has been a credit market crisis in the Economy of Australia Australian economy since early 2008. ref cite news last Buhrer first Katja title Investors are craving crucial hit of confidence work The Australian Financial Review pages 20 21 date 9 January 2009 ref The taxation system is currently being reviewed in order to reduce its complexity and increase the tax concessions made for investment income, although it remains uncertain what if any financial products will be excluded in the proposed changes. In July 2008, the National Australia Bank cut a A 850 million bond sale by two thirds following ... go into recession . The World Economic Forum recently ranked Australia s banking system the fourth ... the economy into recession for the first time in 17 years. ref http www.iht.com articles ap 2009 01 19 business AS Australia Economy.php Australia seen sliding into recession in 2009 , International ... stimulus package In order to avoid or cushion the impact of a recession, the Federal Government ... make up the rest of expenditure. ref http news.theage.com.au business stimulus plan to reduce recession risk 20081014 50db.html Stimulus plan to reduce Recession Risk , Fairfax media, 14 October ... of recession. ref cite news url http finance.yahoo.com news Australias economy shrank in apf 14536115.html ... into recession by Prime Minister Kevin Rudd . However on 3 June, the Federal Government announced ... has not officially entered recession, providing an optimistic outlook for the economy. ref cite news url http business.smh.com.au business australia dodges recession 20090603 buyq.html work The Sydney Morning Herald first Chris last Zappone title Australia dodges recession date 3 June 2009 ref The positive ... for saving their economy from recession. Unemployment class wikitable style margin auto colspan ... property bubble References reflist colwidth 30em DEFAULTSORT 2007 10 recession in Australia Category ... more details
recession describes the severe global economic recession affecting much of the developed world in the late 1970s and early 1980s. The United States and Japan exited recession relatively early, but high ... url http www.bls.gov opub mlr 1985 08 art2full.pdf accessdate 13 April 2011 ref Long term effects of the recession .... Recession in the United States File Early 80s recession.jpg GDP growth in the United States in the early 1980s. The short recession at the start of the decade, followed by a brief period of growth and the deeper recession in 81 82, have led to this period being characterized as a W shaped recession ... aaa br Source Bureau of Economic Analysis right thumb 300px The early 1980s recession was a severe recession in the United States which began in July 1981 and ended in November 1982. ref name Krugman Krugman, Did the Federal Reserve Cause the Recession? , New York Times, April 1, 1991 Krugman wasn ... of the recession was a contractionary monetary policy established by the Federal Reserve System ... in May 1980. A mild recession from January to July 1980 kept unemployment high, but despite ... ref The peak of the recession was in November and December 1982, when the nationwide unemployment ..., All Items, April 17, 2007. ref A brief recession occurred in 1980. Several key industries including ... not recover through the end of the next recession. Many of the economic sectors that supplied ... to Rise in 1982 as Recession Deepened, Monthly Labor Report, February 1983. ref Each period of high ... crisis The recession had a severe effect on financial institution s such as savings and loan association savings and loans and bank s. Banks The recession came at a particularly bad time for banks ... steadily. Bank failures reached a post depression high of 42 as the recession and high interest ... name FDIC The recession affected the banking industry long after the economic downturn technically ... banking system had been significantly weakened by the severe recession and the effects of deregulation ... more details
Late 2000s recession While the recession of the late 2000s began in the United States , the crisis spread to Europe rapidly and has affected much of the region with several countries already in recession as of February 2009, and most others suffering marked economic setbacks. The global recession was first seen in Europe , as Denmark was the first country to fall in recession. Eurozone In the eurozone ... main.jhtml?xml money 2008 07 15 ccspain115.xml title European recession looms as Spain crumbles publisher ... from RBS and capital Economics say the decline raises the risk of the eurozone entering a recession ... The economy declined again in the third quarter putting the eurozone in a technical recession. Ireland ... dj8IEdxD0 BQ title Ireland faces recession after Celtic Tiger era publisher Agence ... url http www.rte.ie news 2008 0731 economy business.html title Latest economic report predicts recession ... in the second quarter by 0.5 percent making Ireland the first member of the eurozone to enter a recession. ref cite news url http news.bbc.co.uk 2 hi business 7635426.stm title Irish economy goes into recession ... RT ref Ireland exited the recession in the 3rd quarter of 2009 posting a 0.3 growth in its economy ... recession, the Irish economy still has a lot of hurdles to overcome if it is to return to normality ... exposure to the mortgage market. Although Spain has avoided recession in the first half of 2008 ... s economy would fall into recession in the second half of 2008 due to the housing collapse. ref ... cnger108.xml title Recession warnings ruffle Europe as Germany and Italy stall publisher Daily Telegraph ... sector in July fell to a new low suggesting a deep recession. ref cite news url http www.guardian.co.uk ... s Finance Minister, the Spain faces its deepest recession in half a century . ref http www.barcelonareporter.com index.php? pg print article solbes says spain faces deepest recession in 50 years Solbes Says Spain Faces Deepest Recession in 50 Years , Barcelona Reporter, January 16, 2009 ref Germany ... more details
Late 2000s recession While beginning in the United States the late 2000s recession spread to Asia rapidly and has affected much of the region. East Asia Mainland China In China , the International Monetary Fund predicts GDP growth for 2008 will be 9.7 and drop to 8.5 in 2009. ref cite journal url http www.imf.org external pubs ft weo 2008 update 03 index.htm title Rapidly Weakening Prospects Call for New Policy Stimulus work IMF World Economic Outlook WEO Update publisher IMF date November 6, 2008 ... Kong The Hong Kong economy officially slid into recession in the final quarter of 2008. The economy ... url http www.wsws.org articles 2008 nov2008 hong n21.shtml title Hong Kong enters recession work World ... recession and speculators publisher BBC News date August 28, 1998 accessdate 2009 01 04 ref Taiwan ... as economy lurches toward recession publisher Daily Telegraph date 2008 09 11 accessdate 2008 09 12 ... Japan had entered a recession. ref cite news url http www.reuters.com article bondsNews idUSTKF00327920080805 title Japan ruling party s Aso Economy in a recession publisher Reuters date 2008 08 ... article4521121.ece title Japan heads towards recession as GDP shrinks publisher The Times date 2008 ... idINIndia 35488720080915 title Lehman fallout threatens deeper, wider recession publisher ... Nikai Japanese Economy Minister announced that the nation was officially in a recession. ref cite news url http news.bbc.co.uk 2 hi business 7732733.stm title Japanese economy now in recession work ... of economic recession. ref http www.imf.org external pubs ft weo 2009 01 weodata weorept.aspx?sy 2008 .... South Asia Bangladesh Bangladesh economy is not affected by the global recession. Bangladesh s economic ... south asia 7733797.stm title China and India and world recession. work BBC News date 2008 11 17 accessdate ... india title India s New Roads May Buffer Economy From Recession Update2 work Bloomberg date 2008 11 ... recession, as the demand for their major products such as garments, tea, rubber, coconut based products ... more details
Aveiro coast, resulting in its recession. Hard protective works have been done all along. gallery Image ... recession.jpg thumb right Holland coast recession Over the last 30 years, approximately 1 million ... more details
Multiple issues cleanup March 2010 unreferenced March 2010 Early 1990s recession in Finland was one of Finland s history s worst economic crises from its economy effects, worse than the depression of the 1930s in Finland Citation needed reason According to which economic statistics? date January 2012 . The depression of 1991 1993 had a deep effect on the economy of Finland of the whole 1990s especially to the employment , to culture, politics and the atmosphere. During it the gross national product decreased 13 and the unemployment rose to 18,9 from 3,5 . Reasons File Jakobstad paper factory.jpg thumb 260px right Also the paper industry overheated Finland at the end of the 1980s. In the picture a paper factory located in Jakobstad . The economic policy of the 1980s was an underlying factor of the depression. In the 1980s in Finland the strong economic boom which lasted the whole decade dominated. One reason for the dragging on and overheating of the boom was the liberation of the foreign credit searching for. Earlier it was subject to licence to search for credit from the foreign countries but Finland s bank freed the searching 1986 and this led to the large scale loan search of companies from abroad. The foreign loan was cheaper than domestic money considerably. Also the credit granting of banks to the private persons was released and the loan portfolio at the most increased by more than 100 per year. The above mentioned points led to the strong growth in turn which raised the prices of the apartments and business premises strongly the amount of money in the national economy. The real estate bubble and stock exchange bubble during time of which big properties were fast created with the debt financing was created. The term casino economy represented getting rich with the loan and with the placing. The big devaluation that was made in November 1991 raised the currency debts ... banking crisis of 1990s Early 1990s recession DEFAULTSORT Early 1990s Recession In Finland Category ... more details
This information is related to the effects of the late 2000s recession that is happening worldwide. Overview The late 2000s recession is shaping up to be the worst post World War II contraction on record ref Cite web url http www.bea.gov newsreleases national gdp gdpnewsrelease.htm title News Release Gross Domestic Product publisher Bea.gov date 2009 12 22 accessdate 2010 01 21 ref Real gross domestic product GDP began contracting in the third quarter of 2008, and by early 2009 was falling at an annualized ... , The Times of India, January 20, 2008 ref Due to the global recession they are available at a low ..., taking advantage of global recession, goes on a buying spree . The Christian Science Monitor. February ... recession, where museums take over large spaces within shopping malls, making beneficial use of empty ... Cite news url http www.guardian.co.uk environment 2009 oct 06 carbon cuts recession iea title Carbon emissions will fall 3 due to recession, say world energy analysts last Vidal first John date 6 October ... recession intensifies, the ILO has forecast. ref http business.timesonline.co.uk tol business industry ... who cut jobs due to the recession are beginning to hire them back. More recently, economists ... ones. Some European countries have been hit by recession very hard, for instance Spain s unemployment .... July 4, 2009. ref In the UK, youths bore the brunt of unemployment during the recession ... 01 04 ref Investors worried about the effect of a recession in the US economy would have on the Chinese ... survey, business travel has decreased in the past year as a result of the recession . 30 of travelers ... Organization month January year 2010 accessdate 2010 03 20 Volume 8 No. 1 ref The decline caused by the recession ... clashed in Lithuania . In addition to http www.guardian.co.uk business 2009 jan 31 global recession ... downturns without having large scale political instability if we re in a recession of normal length ... Of The Late 2000s Recession Category 2000s economic history Category Late 2000s global economic crisis ... more details
This information is related to the causes of the late 2000s recession , also known as the Great Recession , that is happening worldwide. Debate over origins The central debate about the origin has been focused on the respective parts played by the public monetary policy in the US notably and by private financial institutions practices. In 2003, a group of economists led by Mikhail Khazin published the book titled Sunset of the Dollar Empire and the End of the Pax Americana introducing the causes of the upcoming crisis. The root cause was explained to be the inevitable decrease of the accumulative ... actually motivated by the need to take the U.S. economy out of the early 2000s recession caused by the bursting ... inequality from 1913 2008. Some economists those of the Austrian school and those predicting the recession ... the economy into a recession, whose severity mirrors the scale of the boom s excesses. The Austrian ... , kept interest rates very low for a long period of time to blunt the recession of the early ... and banks, led to the recession. Austrian Economists argue further that while they probably affected ... yield curve is no longer a good indicator of a recession ahead. Citation needed date April 2009 ... of 2007 through 2008 was a significant cause of the recession. He evaluated several different ... 2007 Q3 and 2008 Q2, the US economy would not have been in a recession over the period 2007 Q4 through 2008 Q3. ref Hamilton, James D. Oil prices and the economic recession of 2007 08. Voxeu.org . 16 ... were entirely responsible for the recession. ref name bruno032008 cite news title Oil Rally May ... Citation last Whipple first Tom author link chapter Peak Oil and the Great Recession date year editor ... of the crisis. ref Cite web url http www.lewrockwell.com orig9 recession reader.html title The Depression ... which was a contributing factor to the late 2000s recession. ref Cite book last Gelinas first Nicole ... DEFAULTSORT Causes Of The Late 2000s Recession Category 2000s economic history Category Late 2000s ... more details
Refimprove date January 2008 The post World War I recession was an economic recession that hit much of the world in the aftermath of World War I . In many nations, especially in North America , this growth continued during the war as nations mobilized their economies to fight the war in Europe . After the war ended, however, the global economy began to decline. In the United States 1918 1919 saw a modest economic retreat, but the next year saw a mild recovery. A more severe recession hit the United States in 1920 and 1921 see Depression of 1920 21 when the global economy fell very sharply. North America In North America the recession immediately following World War I was extremely brief, lasting for only 7 months from August 1918 to March 1919. ref http www.nber.org cycles cyclesmain.html US Business Cycle Expansions and Contractions , National Bureau of Economic Research . Retrieved on September 22, 2008. ref A second, much more severe recession, sometimes labeled a depression, began in January 1920. Several indexes of economic activity suggest the recession was moderately severe. The Axe Houghton Index of Index of Trade and Industrial Activity declined by 14.1 percent in this recession and by 31 percent in the Panic of 1907 . The Babson index of physical volume of business activity declined by 28.6 percent in this recession compared to 32.3 percent in 1921 recession and 22.7 in the Panic of 1907 . ref name Zarnowitz cite book title Business Cycles author Victor Zarnowitz Zarnowitz, Victor publisher University of Chicago Press year 1996 ref See also Aftermath of World War I Dawes Plan References Reflist Further reading cite journal last Romer first Christina D. authorlink Christina Romer coauthors year 1988 month title World War I and the postwar depression A reinterpretation based on alternative estimates of GNP journal Journal of Monetary Economics volume 22 issue 1 pages 91 115 doi 10.1016 0304 3932 88 90171 7 url US recessions Category Recessions Category Aftermath ... more details
This article focuses on the early 1980s recession in the United States, for worldwide impact see early 1980s recession . The United States entered recession in January 1980 and exited six months later ... through the start of a second recession in July 1981. ref name Bednarzik cite journal last1 Bednarzik ... The Employment Situation in 1981 New Recession Takes its Toll journal Monthly Labor Review volume ... name NBER Following the recession, the economy recovered strongly and experienced a lengthy expansion ... 1991 Recession How Bad was the Labor Market? journal Monthly Labor Review volume 117 issue 6 ... accessdate 6 April 2011 ref Principal causes of the 1980 recession were contractionary monetary policy ... effects, they are commonly referred to as the early 1980s recession, an example of a W shaped or double dip recession double dip recession. ref name HPost cite journal last1 Aversa first1 Jeannine year 2010 title A Double Dip Recession Defined publisher Huffpost Business url http www.huffingtonpost.com 2010 07 01 a doubledip recession def n 633004.html accessdate 8 April 2011 ref Background ... of 17.6 in April 1980. ref name Walsh1 This caused an economic recession beginning in January 1980 ... April peak. ref name Walsh1 1980 A recession occurred beginning in January 1980. ref name NBER As a result ... of consumer credit. ref name Time1 Most of the jobs lost during the recession centered ... remained largely intact. Over the course of the recession, manufacturing shed 1.1 million jobs, with the recession posting a total loss of 1.3 million jobs, representing 1.2 of payrolls. ref name ... to a recession peak of 7.8 in June 1980, however it changed very little through the end of the year ... url http www.bls.gov opub mlr 1981 02 art1full.pdf accessdate 10 April 2011 ref Official end of the recession ... between the end of the 1980 recession and the July 1981 start of the second, never dropping ... Continued to Rise in 1982 as Recession Deepened journal Monthly Labor Review volume 106 issue 2 pages ... more details
Multiple issues unreferenced June 2009 orphan June 2009 notability June 2009 These companies went bankrupt during the recession of 2007 2009 . They were not necessarily bankrupted as a result of this recession, but in many cases were. Allco Finance Group Bennigan s Bill Heard Enterprises Bombay Company Borders, Inc. Bradford & Bingley Central Park Media Charter Communications Chrysler Circuit City 1949 2009 company Circuit City Countrywide Financial Dawahares General Motors Goody s Family Clothing Gottschalks Harold s Joe s KB Toys Lehman Brothers Linens n Things Mervyns Midway Games Peanut Corporation of America SETA Corporation Shoe Pavilion Silicon Graphics Silver State Helicopters Steve & Barry s The Sharper Image Tweeter store Value City Washington Mutual WiQuest Communications Wilsons Leather Woolworths Group Young Broadcasting Category Late 2000s financial crisis Category 2000s economic history ... more details
This article focuses on the 1990 91 recession in the United States, for worldwide impact see early 1990s recession . The United States entered recession in July 1990, which lasted 8 months through March 1991. ref cite web accessdate 6 April 2011 url http www.nber.org March91.html title NBER Business Cycle Dating Committee Determines that Recession Ended in March 1991 publisher NBER ref Although the recession was mild relative to other post war recessions, ref name Gardner it was characterized by a sluggish employment recovery, most commonly referred to as a jobless recovery . Unemployment continued to rise through June 1992, even though Gross domestic product economic growth had returned the previous year. ref cite web url http www.investopedia.com articles economics 10 jobless recovery the new normal.asp title Jobless Recovery The New Normal Since 1990 last1 Smith first1 Lisa publisher Investopedia accessdate 6 April 2011 ref Belated recovery from the 1990 1991 recession contributed to Bill Clinton s victory in the United States presidential election, 1992 1992 presidential election , during which Clinton successfully articulated slow economic growth against incumbent president George H. W. Bush . Background Throughout 1989 and 1990, the economy was weakening as a result of restrictive ... cause of the recession was a loss of consumer and business confidence as a result of the 1990 oil ... cite journal last1 Gardner first1 Jennifer M. year 1994 title The 1990 1991 Recession How Bad was the Labor ... Walsh Cite journal title What Caused the 1990 1991 Recession author Carl E. Walsh publisher Federal ... journal Economic Review year 1993 issue 2 ref harv ref Prior to the onset of the early 1990s recession, the nation enjoyed robust job growth and a declining unemployment rate. As a result of the recession ... that followed the official March 1991 end of the recession, but picked up pace in 1992. Exports, typically ... period of unemployment following the early 90s recession were large layoffs in defense related ... more details
Late 2000s recession After the bursting of the great housing bubble in mid 2007, the United States of America was stuck by a huge recession. The United States entered 2008 during a United States housing ... Jobs in February , Most in 5 years, Feeding Recession Fears, , Associated Press, March 7, 2008. Accessed ... banks like Goldman Sachs. Early suggestions of recession Image Foreclosure Trend.png thumb ... of 2008, many observers believed that a U.S. recession had begun. ref cite news url http news.bbc.co.uk 2 hi business 7176255.stm title Recession in the US has arrived work BBC News date 2008 01 ... 01 07 bcnuseco107.xml title US recession is already here, warns Merrill work The Daily Telegraph ... recession underway work USA Today date 2008 02 15 accessdate 2010 05 07 first Jeannine last Aversa ... would endure a double dip recession , in which the economy would briefly recover in the summer ... believed the country was then in a recession, and it could be a severe one. Citation needed date September 2008 A number of private economists generally predicted a mild recession ending in the summer ... would suffer but not enter a prolonged and severe recession. Citation needed date September ... BUSINESS 03 21 us.recession.ap index.html Worries grow of deeper U.S. recession . Accessed March ... growth of the previous two quarters was positive. As one common definition of a recession is negative ... that the U.S. economy was not in a recession at the time. ref cite news url http www.forbes.com businessinthebeltway 2008 04 30 economy recession fed biz wash cx jz 0430econ.html title Technically, No Recession Feel Better? publisher Forbes last Zumbrun first Joshua date 2008 04 30 accessdate 2008 ... 2008 04 30 economy recession fed biz wash cx jz 0430econ.html archivedate 3 May 2008 DASHBot deadurl ... into account, the GDP growth was negative for those two quarters, making it a technical recession. ref cite news url http www.marketoracle.co.uk Article4575.html title US in Recession Despite Manipulated ... more details
Comparisons between the late 2000 recession and the Great Depression explores the experiences in the United States, United Kingdom and Ireland. On April 17, 2009, head of the IMF Dominique Strauss Kahn ... feedback mechanisms that could eventually turn the recession into a depression. The free fall in the global ... on the right policies being adopted today. The IMF pointed out that unlike the Great Depression, this recession ... Evans first Ambrose url http www.telegraph.co.uk finance financetopics recession 5166956 IMF warns ... thumb 300px right alt 1937 to 1943 depression compared to 2008 to 2011 recession, using percentage ... recession and the Great Depression have been made, there remain large differences between the two ... comparisons index.htm title The Great Recession last Isidore first Chris date 2009 03 25 publisher ... Differences explicitly pointed out between the recession and the Great Depression include the facts ..., ref name Tatom2009 Cite book author John Tatom title The Superlative Recession and economic policies ... publisher New York Times accessdate 2009 03 15 ref the recession of the early 30s lasted over three ... debacle will turn into a steep recession and be the worst since the Great Depression, even worse than ... that the Great Recession is not over and will be worse then the Great Depression. ref http www.americanthinker.com ... 1 hi magazine 7686531.stm work BBC News title Remember the last recession? date 2008 10 24 ref With further contraction in the final quarter of 2008, the recession was officially declared on 23 January 2009. ref cite news url http news.bbc.co.uk 1 hi business 7846266.stm work BBC News title UK in recession ... title UK & 124 UK Politics & 124 Recession worst for 100 years publisher BBC News date 2009 ... http www.telegraph.co.uk finance financetopics recession 4326894 Britain on the brink of an economic ... 1 hi 8321970.stm work BBC News title Record recession for UK economy date 2009 10 23 ref The end of the recession ... BBC News title Jobs fear despite recession s end date 2010 01 26 ref Fears of a double dip recession ... more details
8.5 Since the start of the recession, 8.5 million jobs have been lost, according to the Bureau of Labor ... are considered for seasonal purposes and has little or no relation to the recession. Excluding ... and restaurants have slashed hours in the face of the global recession. Australia September 2008 ... jobs were created. In general, throughout the subdued economic growth caused by the recession in the rest ... 2007, approximately a year before the recession began, unemployment stood at 1,649,000. ref cite news ... informal colloquial online discussions found by web searches such as using the recession ... or journalistic sources, along the lines that firms are using the recession as an excuse for staff reductions ... anyway, recession or no via ever improving software and computer network networks , for example ... also extends to compensation reduction or growth freezes, with the suspicion again being that the recession ... DEFAULTSORT Job Losses Caused By The Late 2000s Recession Category 2000s economic history Category ... more details
Late 2000s recession As it mainly consists of commodity exporters, South America was not directly affected by the financial turmoil, even if the bond markets of Brazil, Argentina, Colombia and Venezuela have been hit. ref cite news url http news.bbc.co.uk hi spanish business newsid 6922000 6922832.stm title Subprime lejos de A. Latina publisher BBC Mundo language spanish date August 1, 2007 accessdate 2010 01 05 ref On the other hand, the continent experienced a tough 2008 global rice shortage agricultural crisis at the beginning of 2008. ref http www.eclac.org cgi bin getProd.asp?xml prensa noticias comunicados 0 34740 P34740.xml&xsl prensa tpl i p6f.xsl&base tpl i top bottom.xsl Poverty Declines Slightly in Latin America and the Caribbean, in Spite of Global Financial Crisis , ECLAC Notes N 59 9 December 2008 ref Food prices have increased a lot, due to a lack of arable land. One of the main reasons for the loss of agricultural land was the high value offered by the production of biofuel s. However, second generation biofuel processes is slowly being implemented in order to extend the amount of biofuel that can be produced sustainably by using biomass consisting of the residual non food parts of current crops, such as Plant stem stem s, Leaf leaves and husk s. ref name King cite ... index.php op eds & columns op eds & columns south america recession can be avoided title South America Recession Can Be Avoided publisher CEPR date November 16, 2008 ref Countries Brazil While previously thought immune to the Late 2000s recession global financial crisis , the economy of Brazil ... provinces, local economists believe the country may fall into recession. ref cite news url http ... news south america caribbean islands may be hit by us recession 20080213426.html title Caribbean islands may be hit by US recession publisher Property Wire date 13 February 2008 ref However ... DEFAULTSORT 2007 10 recession in South America Category Economy of South America Category Late ... more details
United States policy responses to the late 2000s recession explores legislation, banking industry and market volatilty within retirement plans. The Federal Reserve, Treasury, and Securities and Exchange Commission took several steps on September 19 to intervene in the crisis caused by the late 2000s recession . To stop the potential run on money market mutual funds, the Treasury also announced on September 19 a new 50 billion program to insure the investments, similar to the Federal Deposit Insurance Corporation FDIC program. ref name Gullapalli Part of the announcements included temporary exceptions to section 23A and 23B Regulation W , allowing financial groups to more easily share funds within their group. The exceptions would expire on January 30, 2009, unless extended by the Federal Reserve Board . ref http www.federalreserve.gov newsevents press monetary 20080919c.htm Press Release FRB Board Approves Two Interim Final Rules , Federal Reserve Bank , September 19, 2008. ref The Securities and Exchange Commission announced termination of short selling of 799 financial stocks, as well as action against naked short selling , as part of its reaction to the mortgage crisis. ref Boak, Joshua Chicago Tribune . http www.mercurynews.com markets ci 10513612 SEC temporarily suspends short selling , San Jose Mercury News , September 19, 2008. Deadlink date March 2012 ref Market volatility within US 401 k and retirement plans The US Pension Protection Act of 2006 included a provision which changed the definition of Qualified Default Investments QDI for retirement plans from stable value investments, money market funds, and cash investments to investments which expose an individual to appropriate levels of stock and bond risk based on the years left to retirement. The Act required that Plan Sponsors move the assets of individuals who had never actively elected their investments ... References reflist 2 DEFAULTSORT United States policy responses to the late 2000s recession Category ... more details
Many nations of the world have enacted fiscal stimulus plans in response to the global, late 2000s recession ongoing recession . These nations have used different combinations of government spending and tax cuts to boost their sagging economies. Most of these plans are based on the keynesian economics Keynesian theory that deficit spending by governments can replace some of the demand economics demand lost during a recession and prevent the waste of economic resources idled by a lack of demand. The International Monetary Fund has recommended that countries implement fiscal stimulus measures equal to 2 of their GDP to help offset the global contraction. ref Group of Twenty Global Economic Policies and Prospects. http www.imf.org external np g20 pdf 031909a.pdf ref Americas United States In 2008 the United States Congress passed and then President George W. Bush signed the Economic Stimulus Act of 2008 , a 152 billion stimulus designed to help stave off a recession. The bill primarily consisted of 600 tax rebates to low and middle income Americans. ref cite news url http www.cnn.com 2008 POLITICS 02 13 bush.stimulus work CNN title Bush signs stimulus bill rebate checks expected in May date 13 February 2008 accessdate 19 May 2010 ref The United States combined many stimulus measures into the American Recovery and Reinvestment Act of 2009 , 787 billion bill covering a variety of expenditures from rebates on taxes to business investment. 184.9 billion will be spent in 2009, and 399.4 ... has been one of the hardest hit nations during the recession , having already experienced a Lost ..., and an export driven economy. The recession has led to a decline in German exports, but Germany ... government infrastructure. Outcome Australia avoided recession and its growth figures were ... Australia able to avoid recession BBC News 3 June 2009 ref ref http www.news.com.au business ber ... Policy Response To The Late 2000s Recession Category Late 2000s financial crisis Category United ... more details
Global economic crisis may refer to Economic events of the late 2000s Financial crisis 2007 present Late 2000s recession A global recession Earlier global economic events, such as The Great Depression , a global economic downturn from the late 1920s until World War II The Long Depression , an international depression that began in 1873 disambig ru ... more details
The Second Great Depression may refer to Late 2000s recessionRecession of 1937 1938 The Second Great Depression book The Second Great Depression , a 2005 book by Warren Brussee . A song by Welsh rock band Manic Street Preachers from the album Send Away The Tigers . disambig ... more details
Greater Depression may refer to Late 2000s recession , the current global economic collapse Dark Conspiracy , role playing game Wide Awake novel , speculative fiction novel by David Levithan disambig ... more details
Stimulus bill may refer to American Recovery and Reinvestment Act of 2009 , the 787 billion plan known as the stimulus package. Economic Stimulus Act of 2008 See also National fiscal policy response to the late 2000s recession disambig ... more details
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