This recession was first caused by banks lending money to people that weren't very likely to re-pay the money. This caused the trust in banks (by people, governemtns and other banks) to fall and now they won't lend money to each other. In a little more depth, the sub-prime mortgage market, a lack of risk-aversion and a lack of regulation caused bank's equity values to fall very rapidly and as a result the bank's are very wary about who they lend to in case they lose a lot of money and become insolvent. This causes a contraction in the money supply and this is prolonging the recession.
The world is in a big recession.
It was a cause of the depression, and probable the recession but I'm not sure
Recession means: When the state of the economy declines; a widespread decline in the GDP and employment and trade lasting from six months to a year It's actually a fall in GDP for 2 or more quarters....
recession
Factors that affect recession are complex and vary between each incident. What most recessions seem to have in common is an over speculation in stocks, real estate, commodities or some combination precedes the recession. They are usually marked by a loss in confidence by the public which can affect the length/depth of the recession.
The adjective of recession is recessionary.
The world is in a big recession.
recession
advantages and disadvantages of recession
recommendation of global recession
Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.
A recession is shorter than a depression.
The UK is already in a recession.
Love Has No Recession was created in 2009.
The Recession was created on 2008-09-02.
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recession causes an increase in poverty