The great recession was declared to be "over" in the U. S. in June of 2009. How did this recession compare to other economic downturns?

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3 February, 19:31

The great recession was declared to be "over" in the U. S. in June of 2009. How did this recession compare to other economic downturns?

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Gianni Griffin · Answer 1

Generally speaking, this recession was far more devastating than other relatively recent economic downturns in that it lasted longer than expected and many more homes and jobs were lost than expected. Thus the term "Great Recession".