USA Economy News - THE GREAT RECESSION & the GLOBAL Economic CRISIS - CROSSTALK Global & USA Economy News - THE GREAT RECESSION & the GLOBAL Economic CRISIS - CROSSTALK The IMF has released a report that predicts the hoped-for global economic growth is again endangered. Why is this happening? Why has the Great Recession come back so early? Did it ever end? Has austerity made things worse? And is there a way to avoid the 'fiscal cliff' issue in Washington? CrossTalking with Seijiro Takeshita, Martin Hennecke and Chris Cutrone. The 2008--2012 global recession, sometimes referred to as the late-2000s recession, Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The global recession affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the Financial crisis of 2007--2008. The economic side effects of the European sovereign debt crisis, accompanied with slowing US and Chinese growth continues to provide obstacles to world economic growth. There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. If one analyses the event using the economics-academic definition of the word, the recession ended in the U.S. in June or July 2009.However, in the broader, lay sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising petroleum and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery finance yahoo, how to finance your money, finance 101, finance 101 wharton, finance 101 lecture, finance 1, personal finance 101, finance 240 sdsu, finance 201, finance 2014, finance 2, bitcoin finance 2014, finance 301, finance 5 program, finance 5, american economy animation, american economy collapse, american economy collapse 2014, when will american economy collapse, american economy documentary, american economy explained, american economy history, american economy may 2014, american economy shrinks, american economy today, how the american economy works, american economy 1950s, american economy 2014, global economy animation, global economic collapse, global economy documentary, global economy explained, global economy journal, global economy kagundu, global economy mean, global economy news, global economy outlook, global economy pdf, global economy ryan harvey, global economy reset, how does the global economy work, global economy zimmer, global economy 2014, USA Economy News Global Economy News Financial News Silver News Gold News Jim Rogers Peter Schiff Mike Maloney David Morgan Robert Kiyosaki Brexit #USAEconomyNews #GlobalEconomyNews #FinancialNews #SilverNews #GoldNews #JimRogers #PeterSchiff #MikeMaloney #DavidMorgan #RobertKiyosaki #Brexit
