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4 votes
The most recent recession took place in:
A. 1999
B. 2001
C. 2005
D. 2008

2 Answers

0 votes
D is the best answer.......
User Chris Jaynes
by
8.1k points
2 votes
Hi there! The answer is D.

A recession is a significant decline in economic acticity, which must last at least a few months. According to the IMF (International Monetary Fund), the most recent recession took place in the years 2008-2009. In their view, a global growth in real GDP of less than 3.0% equals a recession. Thus, according to this definition, the last recession took place in 2008.
User Nicola Leoni
by
8.4k points
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