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21 October, 22:18

The most recent recession took place in:

A. 1999

B. 2001

C. 2005

D. 2008

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Answers (2)
  1. 22 October, 01:05
    0
    D is the best answer ...
  2. 22 October, 01:52
    0
    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.
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