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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. [ 1 ] [ 2 ] [ 3 ] It is widely considered to have been the most severe recession since World War II until the 2007–2008 financial crisis .
The National Bureau of Economic Research considers two recessions to have occurred in the early 1980s. [7] The economy fell into recession from January 1980 to July 1980, shrinking at an 8 percent annual rate from April to June 1980. The economy then entered a quick period of growth, and in the first three months of 1981 grew at an 8.4 percent ...
Unlike other nations, moreover, for New Zealand the effects of the October 1987 crash spilled over into its real economy, contributing to a prolonged recession. [72] The effects of the worldwide economic boom of the mid-1980s had been amplified in New Zealand by the relaxation of foreign exchange controls and a wave of banking deregulation.
Early 2000s recession. Dot-com bubble (2000–2002) (US) 2001 Turkish economic crisis; September 11 attacks (2001) 2002 Uruguay banking crisis; 2002–2003 Venezuelan general strike; 2006–2012 New Zealand finance company collapses; 2007–2008 financial crisis; Great Recession (worldwide) 2000s energy crisis (2003–2009) oil price bubble
The hyperinflation of the early 1980s provided a blueprint for the Fed's action today. To cool an overheated economy, the Fed raises interest rates and tightens the money supply. That causes ...
The Economic Development of France and Germany: 1815-1914 (1921) online, a famous classic, filled with details. Clark, Christopher. Iron Kingdom: The Rise and Downfall of Prussia, 1600-1947 (2006) Curi, Luiz Felipe Bruzzi, and Ian Coelho de Souza Almeida. "Beyond the Sonderweg: defining political economy in 19th-century Germany."
Chair Janet Yellen took the helm of the Fed from Bernanke in February 2014 and steered the economy through its Great Recession recovery until February 2018, when Chair Jerome Powell was installed ...
Despite countless recession calls from economists, analysts, and other experts this year and last, the U.S. economy as a whole has shown remarkable resiliency. The housing market, on the other ...