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The early 1980s recession was a severe economic recession that affected much of the world between approximately the start of 1980 and 1982. [2] [1] [3] Long-term effects of the early 1980s recession contributed to the Latin American debt crisis, long-lasting slowdowns in the Caribbean and Sub-Saharan African countries, [3] the US savings and loan crisis, and a general adoption of neoliberal ...
The war and the treaty were followed by the hyper-inflation of the early 1920s that wreaked havoc on Germany's social structure and political stability. During that inflation, the value of the nation's currency, the Papiermark , collapsed from 8.9 per US$1 in 1918 to 4.2 trillion per US$1 by November 1923.
1972–1973 Indian economic crisis; 1973–1975 recession; Secondary banking crisis of 1973–1975, in the UK; 1979–1980 Indian economic crisis; Latin American debt crisis (late 1970s to early 1980s), the "lost decade"
Deep problems with national economic situations cannot be described quite as simply. Japanese GDP data just released showed that the third-largest Fresh Recessions in Germany and France
Following the October 6, 1979 meeting of the Federal Open Market Committee, the federal funds rate increased gradually from 11.5% to an eventual peak of 17.6% in April 1980. [6] This caused an economic recession beginning in January 1980, and in March 1980, president Jimmy Carter created his own plan for credit controls and budget cuts to beat ...
The housing market is headed back to a 1980s-style recession, Wells Fargo says—and it’s all because of ‘higher for longer’ mortgage rates Alena Botros October 30, 2023 at 2:46 PM
The steel crisis was a prolonged downturn in the global steel market, occurring during the 1973–1975 and early 1980s recessions. It followed the post–World War II economic expansion and was exacerbated by the 1973 and 1979 oil crises, persisting well into the 1980s. The steel crisis had a significant impact on several industrial regions ...
Germany is stuck in a deep economic crisis amid a structural break that the country’s leading industry lobby predicts will lead to the most protracted downturn since reunification nearly 35 ...