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The early 2000s recession was a major decline in economic activity which mainly occurred in developed countries. The recession affected the European Union during 2000 and 2001 and the United States from March to November 2001. [ 1 ]
2000s commodities boom; 2000s Turkish economic boom; 2007–2008 financial crisis; 2007–2008 world food price crisis; 2008–2009 Keynesian resurgence; 2010 United States foreclosure crisis; 2020s commodities boom
The 2000s contained two recessions, according to the U.S. National Bureau of Economic Research. [1] The first occurred from 2001 to 2003, and the second began in December 2007. Major downturn in the value of dot-com shares, with occasional exceptions (Google's IPO on August 13, 2004). The Internet continues to grow as a business and advertising ...
On November 9, 2008, the Chinese economic stimulus program, a RMB¥ 4 trillion ($586 billion) stimulus package, was announced by the central government of the People's Republic of China in its biggest move to stop the global financial crisis from hitting the world's second largest economy. A statement on the government's website said the State ...
Coin exchange crisis of 692.Byzantine emperor Justinian II refuses to accept tribute from the Umayyad Caliphate with new Arab gold coins for fear of exposing double counting in the Byzantine financial system (actual weight less, than nominal quantity), which leads to the Battle of Sebastopolis and the revolt of taxpayers who burned financial officials in a copper bull.
The world economy expanded at high rates from $42 trillion in 2000 to $101 trillion in 2022, and though many economies rose at greater levels, some gradually contracted. [a] Effects of global warming and rising sea levels exacerbated the ecological crises, with eight islands disappearing between 2007 and 2014. [9] [10] [11]
The 2000s (pronounced "two-thousands") was a decade that began on January 1, 2000, and ended on December 31, 2009. The early part of the decade saw the long predicted breakthrough of economic giants in Asia, like India and China, which had double-digit growth during nearly the whole decade. It is also benefited from an economic boom, which saw ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the 1929 Wall Street crash and Great Depression.