When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed securities held by investment banks declined in 2007–2008, causing several to collapse or …

3 days ago · The Great Recession was a severe and global economic downturn from 2007 to 2009 that was triggered primarily by the collapse of the U.S. housing market and the resulting financial crisis.

Dec 4, 2017 · The Great Recession was a global economic downturn that devastated world financial markets as well as the banking and real estate industries.

In 2007, losses on mortgage-related financial assets began to cause strains in global financial markets, and in December 2007 the US economy entered a recession. That year several large financial firms …

Great Recession, economic recession that was precipitated in the United States by the financial crisis of 2007–08 and quickly spread to other countries. Beginning in late 2007 and lasting until mid-2009, it …

Oct 22, 2025 · The Great Recession of 2008 was a turning point in global finance. This article examines what triggered the collapse, how it spread across economies, and the long-term lessons learned by …

Apr 24, 2022 · All the Key Events of the 2008 Recession. Kimberly Amadeo has 20 years of experience in economic analysis and business strategy. She is an expert on the U.S. and world economies. Why …

Following the global financial meltdown in late 2008, 91 economies representing two-thirds of global GDP in purchasing-power-parity terms experienced a decline in output in 2009. By way of …

Mar 3, 2025 · Rooted in a series of complex factors, including risky lending practices, excessive risk-taking by financial institutions, and lax regulatory oversight, this crisis not only precipitated a massive …

The crisis exacerbated the Great Recession, a global recession that began in mid-2007, as well as the United States bear market of 2007–2009. It was also a contributor to the 2008–2011 Icelandic …