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Brazil officially enters recession

The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis.

The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression.

The Great Recession was caused by many weaknesses that slowly developed in the financial system, along with a series of triggering events that began with the bursting of the United States housing bubble in 2005–2012.

Historical Significance

The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis.

Events Before

  1. A New Hampshire law legalizing civil unions for same-sex couples comes into effect

    A New Hampshire law legalizing civil unions for same-sex couples comes into effect

  2. Australian pop diva Natalie Imbruglia (32) and "Silverchair" frontman Daniel Johns (28) announce their divorce stating "

    Australian pop diva Natalie Imbruglia (32) and "Silverchair" frontman Daniel Johns (28) announce their divorce stating "we have simply grown apart through not being able to spend enough time together"

  3. "Breaking Bad," created by Vince Gilligan and starring Bryan Cranston and Aaron Paul, premieres on AMC

    Breaking Bad is an American neo-Western crime drama television series created and produced by Vince Gilligan for AMC.

  4. Fears of a possible US recession cause a Black Monday for global stock markets, European stocks suffer their worst decli

    Fears of a possible US recession cause a Black Monday for global stock markets, European stocks suffer their worst decline since 9/11, and Asian stocks drop as much as 15%

  5. Toshiba announces its formal recall of its HD DVD video format, ending the format war with Sony's Blu-ray Disc

    Toshiba Corporation (株式会社東芝, Kabushikigaisha Tōshiba; English: ) is a Japanese multinational electronics company headquartered in Saiwai-ku, Kawasaki, Kanagawa Prefecture.

Events After

  1. New FINA rules re competition swimsuits come into effect; all body-length swimsuits banned; men's suits to maximally cov

    New FINA rules re competition swimsuits come into effect; all body-length swimsuits banned; men's suits to maximally cover from the waist to knee, and women's from shoulder to knee; fabric must be a "textile" or woven material

  2. Earthquake devastates Haiti, killing an estimated 100,000 to 160,000 people and destroying the majority of the capital P

    Earthquake devastates Haiti, killing an estimated 100,000 to 160,000 people and destroying the majority of the capital Port-au-Prince

  3. "Easy Rider" director and actor Dennis Hopper (73) divorces his fifth wife Victoria Duffy due to irreconcilable differen

    "Easy Rider" director and actor Dennis Hopper (73) divorces his fifth wife Victoria Duffy due to irreconcilable differences and out-of-control spending

  4. Infanta Elena, Duchess of Lugo (46) divorces Lord of Tejada, Jaime de Marichalar (46) after 15 years of marriage

    Infanta Elena, Duchess of Lugo (46) divorces Lord of Tejada, Jaime de Marichalar (46) after 15 years of marriage

  5. Alexandre Bilodeau wins the gold medal in the freestyle skiing men's moguls event, becoming the first Canadian to win go

    Alexandre Bilodeau wins the gold medal in the freestyle skiing men's moguls event, becoming the first Canadian to win gold during an Olympic Games hosted in Canada

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Angourie Rice is born

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Shirley Chisholm dies

Shirley Chisholm politician, known for american politician, died on 2005-01-01. Shirley Anita Chisholm ( CHIZ-əm; née St.

Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Mill

Gisborne, New Zealand, with a population of approximately 32,754, is the first city in the world to welcome the new Millennium

Euro banknotes and coins become legal tender in twelve of the European Union's member states

There are eight denominations of euro coins, ranging from one cent to two euro (the euro is divided into a hundred cents). The coins first came into use in 2002.

Frequently Asked Questions

What happened on June 9, 2009?
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression.
Why is Brazil officially enters recession significant?
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009, overlapping with the closely related 2008 financial crisis.

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June 9 in HistoryYear 2009