TERMIUM Plus®

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GREAT RECESSION [1 record]

Record 1 2018-11-07

English

Subject field(s)
  • Economic History
  • National and International Economics
DEF

A period of general economic decline observed in world markets during the late 2000s and early 2010s.

OBS

The term "Great Recession" applies to both the U.S. recession - officially lasting from December 2007 to June 2009 - and the ensuing global recession in 2009. The economic slump began when the U.S. housing market went from boom to bust and large amounts of mortgage-backed securities and derivatives lost significant value.

French

Domaine(s)
  • Histoire de l'économique
  • Économie nationale et internationale
DEF

Période de marasme économique que connaissent les marchés mondiaux du krach boursier de 2008 jusqu'au début des années 2010.

CONT

La situation financière relativement saine des ménages canadiens à l'aube de la Grande Récession a permis à l'économie canadienne de mieux absorber le choc à l'origine de celle-ci.

Spanish

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