Meaning of Great Recession | Babel Free

Definitions

The worldwide general economic decline towards the end of the first decade of the 21st century.

Equivalents

Examples

“Income inequality usually shrinks during a recession, but in the Great Recession, it didn’t. From 2007 to 2009, the most-recent years for which data are available, it widened a little. […] It’s hard to miss⟳ just how unevenly the Great Recession has affected different classes of people in different places.”

“This was before the financial crash⟳, before the Great Recession. The amazing real-estate bubble had not yet popped, and the economy was still apparently rocking.”

“But starting a rocket company is what Musk did — and, after also pouring money into another money-burning venture, Tesla, Musk came very close⟳ to losing it all after the Great Recession.”

CEFR level