Search results
Results from the Go Local Guru Content Network
In March 2009, Blackstone Group CEO Stephen Schwarzman said that up to 45% of global wealth had been destroyed by the global financial crisis. By March 9, 2009, the Dow had fallen to 6,500, a percentage decline exceeding the pace of the market's fall during the Great Depression and a level which the
Background. World map showing real GDP growth rates for 2009 (countries in brown were in recession) Share in GDP of U.S. financial sector since 1860 [21] The crisis sparked the Great Recession, which, at the time, was the most severe global recession since the Great Depression.
At the steepest part of the Great Recession in Q1 2009, a total of 59 out of 71 countries were simultaneously in recession. The number of countries in recession was 37 in Q2 2009, 13 in Q3 2009 and 11 in Q4 2009.
List of banks acquired or bankrupted during the Great Recession. This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks ), building societies and insurance ...
In February 2009, The Economist claimed that the financial crisis had produced a "manufacturing crisis", with the strongest declines in industrial production occurring in export-based economies.
2007–2008: Global financial crisis of 2007–2008; 2008–2011: Icelandic financial crisis; 2008–2014: Spanish financial crisis; 2009–2010: European debt crisis; 2010–2018: Greek government-debt crisis; 2013–: Ongoing Venezuelan economic crisis; 2014: 2014 Brazilian economic crisis; 2014–2016: Russian financial crisis
Great Recession. The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s.
In the wake of the financial crisis of 2007–2008 and the search for a way out of the crisis, a worldwide move toward Keynesian deficit financing and general resurgence of Keynesian policies resulted in a new economic consensus, which involved reassessment or even reversal of normative judgments on a number of topics.
Global financial crisis in September 2008. The subprime mortgage crisis reached a critical stage during the first week of September 2008, characterized by severely contracted liquidity in the global credit markets [1] and insolvency threats to investment banks and other institutions.
The recession data for the overall G20 zone (representing 85% of all GWP), depict that the Great Recession existed as a global recession throughout Q3 2008 until Q1 2009. Subsequent follow-up recessions in 2010–2013 were confined to Belize, El Salvador, Paraguay, Jamaica, Japan, Taiwan, New Zealand and 24 out of 50 European countries ...