On This Day

Latvia joins its northern neighbor Estonia in recession as GDP falls 0.2% in the second quarter from the first quarter,

Latvia joins its northern neighbor Estonia in recession as GDP falls 0.2% in the second quarter from the first quarter, when it fell 0.3%; property markets and construction have suffered in both Baltic states

This article gives the timeline of the Great Recession, which hit many developed economies in the due to the 2008 financial crisis.

Note: The date indicated is that of the official announcement by the department or the public agency in charge of the measurement of the economic activity of the country. Thus, because of possible lags in the collection of statistics, it is possible that the chronological order of reports may not correspond to the actual order of events in recession.

Historical Significance

This article gives the timeline of the Great Recession, which hit many developed economies in the due to the 2008 financial crisis.

Events Before

  1. Adam Air Flight 574 disappears over Indonesia with 102 people on board

    Adam Air Flight 574 disappears over Indonesia with 102 people on board

  2. Bulgarian, Romanian, and Irish become official languages of the European Union, joining 20 other official languages

    On 1 January 2007, Bulgaria and Romania became member states of the European Union (EU) in the fifth wave of EU enlargement. Bulgaria and Romania did not have a referendum related to European Union…

  3. The 110th United States Congress convenes and elects Nancy Pelosi as the first female Speaker of the House

    Nancy Patricia Pelosi ( pə-LOH-see; née D'Alesandro; born March 26, 1940) is an American politician who was the 52nd speaker of the United States House of Representatives, serving from 2007 to 2011...

  4. Apple CEO Steve Jobs announces the iPhone

    Steven Paul Jobs (February 24, 1955 – October 5, 2011) was an American businessman, co-inventor, and investor.

  5. "Married ... With Children" actor David Faustino (32) divorces actress Andrea Elmer Faustino (31) due to irreconcilable

    "Married ... With Children" actor David Faustino (32) divorces actress Andrea Elmer Faustino (31) due to irreconcilable differences after 3 years of marriage

Events After

  1. 67 people die and 222 are injured in a nightclub fire at Santika Club in Bangkok, Thailand

    A fireworks accident and nightclub fire occurred on 1 January 2009 in the Santika Club in Ekkamai, Watthana, Bangkok, where New Year celebrations were taking place.

  2. Cristiano Ronaldo is awarded the FIFA World Player of the Year for the first time at a ceremony in Zürich

    Cristiano Ronaldo dos Santos Aveiro, nicknamed CR7, is a Portuguese professional footballer who plays as a forward for and captains both Saudi Pro League club Al-Nassr and the Portugal national team.

  3. Chesley Sullenberger lands US Airways Flight 1549 on the Hudson River shortly after takeoff from LaGuardia Airport in NY

    Chesley Sullenberger lands US Airways Flight 1549 on the Hudson River shortly after takeoff from LaGuardia Airport in NYC. All passengers and crew survive in what becomes known as the "Miracle on the Hudson."

  4. Barack Obama is inaugurated as the 44th president of the United States, becoming the first African American to hold the

    Barack Obama is inaugurated as the 44th president of the United States, becoming the first African American to hold the office. Joe Biden becomes the 47th Vice President.

  5. International Criminal Court issues an arrest warrant for Sudanese President Omar al-Bashir for war crimes and crimes ag

    International Criminal Court issues an arrest warrant for Sudanese President Omar al-Bashir for war crimes and crimes against humanity in Darfur, becoming the first sitting head of state to be indicted

More from the 2000s

Frequently Asked Questions

What happened on September 8, 2008?
This article gives the timeline of the Great Recession, which hit many developed economies in the due to the 2008 financial crisis. Note: The date indicated is that of the official announcement by the department or the public agency in charge of the measurement of the economic activity of the country. Thus, because of possible lags in the collection of statistics, it is possible that the chronological order of reports may not correspond to the actual order of events in recession.
Why is Latvia joins its northern neighbor Estonia in recession as GDP falls 0.2% in ... significant?
This article gives the timeline of the Great Recession, which hit many developed economies in the due to the 2008 financial crisis.

Explore More