The United States has not experienced a recession as severe as the 2007-2009 downturn since the 1930s.

Question

Quizplus · Accepted Answer

The 2007-2009 recession, also known as the Great Recession, was one of the most severe economic downturns in US history, with high levels of unemployment, foreclosures, and a significant decline in GDP. The only other recession that is comparable in severity was the Great Depression of the 1930s.

The United States Has Not Experienced a Recession as Severe