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3 July, 10:45

Why did the global economy enter a recession in 2008?

Banks invested in loans people could not pay back.

There was a shortage of natural resources.

Debt was at an all-time low.

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  1. 3 July, 10:48
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    Banks invested in loans that people could not pay back.

    Explanation:

    People were given housing loans with variable interest rates that they could no pay back and defaulted on.
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