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29 August, 13:25

In 2008 and early 2009, share values declined sharply as the global economy fell into a severe recession. This type of stock market is referred to as a:

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  1. 29 August, 13:40
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    The correct answer is "Bear market"

    Explanation:

    A bear market is a condition or period when the securities or stock prices fall 20% or more. when this condition occurs many investors opt to sell off their stocks, its a period identified for fear.

    Keep in mind that this condition increases at least a two-month timeframe.
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