2009 Global GDP's Negative Growth Rate

The crisis causes the first recorded instance of a negative global GDP growth rate

March 9, 2009: Ben Bernanke says the world is in “the worst financial crisis since the 1930s.”

The global economy has suffered shocks before from the oil crises in the 1970s to dot.com bust in 2000. The 2008-2009 financial crisis, however, caused a historic contraction in global GDP.

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