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What is 2009 Global Economic Recession Analysis about?

The global economy is facing its deepest recession since WWII, with real GDP expected to decline by 3% in 2009. The downturn was initiated by the burst of the housing bubble in the USA, leading to widespread economic contraction across Europe and emerging markets. Although some signs of stabilization are emerging in the US economy, the recovery is anticipated to be slow and below potential growth rates.

Author

penharish

Language

EN