Where did the 2008 and 2009 global recession originated?
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Jul 16
The 2008 and 2009 global recession originated in the United States with the collapse of the housing market and the subsequent financial crisis. This crisis was triggered by the subprime mortgage crisis, where banks and financial institutions were giving out risky loans to borrowers who were unable to repay them. This led to a domino effect, causing a widespread economic downturn that spread to other countries around the world.