51Թ

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Great Recession

[ greyt ri-sesh-uhn ]

noun

  1. the period of economic contraction in the United States and other countries from December 2007 to June 2009 following the collapse of a housing bubble that precipitated a subprime mortgage crisis and subsequent systemwide turmoil in the investment banking sector.


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Example Sentences

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She met Danny, who is Vietnamese American, when he decamped to Saigon during the Great Recession for a three-week vacation that turned into a three-year stay.

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What’s more, if you strip out the one-time emergency spending Congress did to respond to the Great Recession and COVID-19, tax cuts are responsible for 90% of the increase in the debt-to-GDP ratio.

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Then came the Great Recession in the late 2000s.

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On average, the S&P 500 has returned roughly 10% per year over the long term, even accounting for events like the Great Recession.

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The agency was created after the Great Recession to patch a regulatory hole in how the federal government policed financial institutions.

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