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Dates Duration (months) Annual Employment Growth [2] Annual GDP Growth [3] Description Oct 1945– Nov 1948 37 +5.2% +1.5%: As the United States demobilized from World War II, the decline in government spending caused a brief recession in 1945 and suppressed GDP growth for several years thereafter.
Some of the largest increases were for electricity, natural gas, and gasoline. The economy was further strained by a currency crisis caused by a series of rate cuts by the central bank; the Turkish lira lost 44% of its value against the dollar in 2021. [132] By August 2022, Turkey's inflation rate was 80.21%. [133]
The 2000s (pronounced "two-thousands"; shortened to the ' 00s and known as the aughts or noughties) was the 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 ...
It’s part of a rising trend of Y2K fashion and what has been called “nowstalgia” among Gen Z, who are reliving early 2000s fashion trends they were too young to experience or remember the ...
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.
2000: America Online merges with Time Warner. While the "marriage" didn't last, it was biggest corporate merger in history at the time. While the "marriage" didn't last, it was biggest corporate ...
The most difficult years were 2000–2001, precipitating the worst years of the American recession. The European Union introduced a new currency on January 1, 1999. The euro , which was met with much anticipation, had its value immediately plummet, and it continued to be a weak currency throughout 2000 and 2001.
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