The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.
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As the U.S. economy teeters on the edge, Moody’s Analytics has identified 22 states that are either in or near a recession. This economic downturn poses significant challenges for residents, affecting ...
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