Financial crisis of 2007–2009

Financial crisis of 2007–2009
From Wikipedia, the free encyclopedia




What many are now calling the "Great Recession"[1], the financial crisis of 2007–2009 has been noted as the most serious and global financial crisis since the Great Depression by leading economists,[2] with its global effects characterized by the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, substantial financial commitments incurred by governments, and a
significant decline in economic activity.[3] Many causes have been proposed, with varying weight assigned by experts.[4] Both market-based and regulatory solutions have been implemented or are under consideration,[5] while significant risks remain for the world economy.[6