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1. Early 2000s recession.

Author

Hagan, Molly

Subjects
Recessions, Twenty-first century, Economic conditions of developed countries, Business cycles
Abstract

The United States suffered an economic recession lasting from March 2001 to November 2001. The downturn—during which the gross domestic product declined 0.3 percent and unemployment rose to 6.3 percent—has been attributed to several events, including the bursting of the dot-com bubble in 2000, the terrorist attacks of September 11, 2001, and a series of accounting scandals that came to light in the early part of the decade.

Published
2022

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