Question

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Answer 1

Answer:

The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. ... This recession was predicted by economists, because the boom of the 1990s (accompanied by both low inflation and low unemployment) slowed in some parts of East Asia during the 1997 Asian financial crisis

Answer 2

Answer:

In all the countries affected by the Great Recession, recovery was slow and uneven, and the broader social consequences of the downturn—including, in the United States, lower fertility rates, historically high levels of student debt, and diminished job prospects among young adults—were expected to linger for many years ... The early 2000s recession was a decline in economic activity which mainly occurred in developed countries. ... This recession was predicted by economists, because the boom of the 1990s (accompanied by both low inflation and low unemployment) slowed in some parts of East Asia during the 1997 Asian financial crisis.

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