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Q: Why was Canada less affected by the 2008 global recession?
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Germany economically stable?

The German economy is basically sound but is currently (October 2008) affected by the global financial crisis and the recession.


When was The Recession created?

The Recession was created on 2008-09-02.


Is there a recession in Ireland?

Yes there is a recession in Ireland. The down turn was announced in mid 2008.


How much money was spent on credit for Christmas in 2008?

2008 was the start of the global recession, so less money was spent as stores we're closing down. About 3 million dollars as opposed to 5 million dollars.


How does global recession influence the banking sector?

The banking sector (or the finance industry in the broader sense) is the one that triggers global recession. In 2008 for instance, the collapse of Lehman Brothers created panic in the market, creating cascades of damages to the banking systems, which triggered a domino effect in the global scope (global crisis). The impact of the global crisis made the banking system more vigilant, more prepared for other crises in the future (that is inevitable) by adding more capitals that can withstand the severe scenarios during crisis. Timothy Geithner and his team did a 'stress test' during the 2008 crisis to determine how ill or how prepared the banks were.


What are the release dates for Outlaw Bikers - 2008 Angels Go Global?

Outlaw Bikers - 2008 Outlaw Biker Women was released on: USA: 3 March 2011


Is the book outlander by Diana Gabldon made into a motion picture?

Not yet. It was picked up by a production company in 2008 but they haven't even cast it yet. The recession affected it's production.


What actors and actresses appeared in Recession Heaven - 2008?

The cast of Recession Heaven - 2008 includes: Ray Ellin as Dead Ben Jonathan Sollis as St. Peter


Is today's recession caused by AD shock or AS shock?

The Recession of 2008 was caused by an aggregate demand (AD) shock.


Effect of recession in leadway assurance company in nigeria?

The recession affected the shareholders' equity equalisation reserve of the company, which is an element of its shareholders' funds, thus constricting its underwriting retention capacity for special risks. As a result of the recession, the company's shareholders funds dipped by 32% from NGN18.2bn in 2007 to NGN12.3bn in 2008. However, as the company is conservative and maintains very strong technical reserves of over NGN8.3bn, it's balance sheet strength was not affected, though it remained static at over NGN27bn as contained in its 2008 year end audited account, which can be obtained from its Resources page at www.leadway.com.


Was the 2008 economic crisis a depression or recession?

The 2008 United States economic downturn was classified as a recession. A recession is defined as negative GDP growth for 2 or more consecutive quarters. In 2009 there was 3 quarters of negative growth before positive GDP began.


How long has America been in the recession?

the last recession began in march of 2001 and ended in November 2001.