How was the high-tech sector affected during the recession of 2007?

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22 February, 03:08

How was the high-tech sector affected during the recession of 2007?

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Selina Aguirre · Answer 1

The high-tech sector affected during the recession of 2007 because they were the most important sector in that year. This was called as Great Recession which began in 2007 up to 2009. This happened when there was a burst of 8 trillion dollar housing bubble which led to sharp cutbacks in consumer spending due to loss of money.

Houston Washington · Answer 2

The high-tech sectors were affected because they are an important part of the us economy.