Great Recession
Videos
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and tim
A bank run at a branch of the Northern Rock bank in Brighton, England, on September 14, 2007, amid speculation of problems, prior to its 2008 nationalisation
Relationship between fiscal tightening (austerity) in eurozone countries with their GDP growth rate, 2008–2012
Sydney's financial district at night. Throughout the Great Recession, the Australian economy remained resilient and stable.
The anti-austerity movement in Spain, May 2011
During the 2000s, United States housing prices experienced a sharp run up and subsequent collapse affecting over half of the U.S. states. In many regions, a real estate bubble was the impetus for the
Great Recession
…developed in the global financial system, along with a series of concurrent and triggering events that began with the bursting of the United States housing bubble, which had formed in 2005 and lasted until 2012. When housing prices fell and homeowners began to abandon their mortgages, the value of mortgage-backed…
Bank run on the U.K.'s Northern Rock Bank by customers queuing to withdraw savings in a panic related to the U.S. subprime crisis