The period of economic downturn that ensued after the financial crisis of 2007-08 and affected many countries world-wide is called:

Name: The period of economic downturn that ensued after the financial crisis of 2007-08 and affected many countries world-wide is called:
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The economic downturn following the 2007-08 financial crisis is widely known as the Great Recession. It was a severe global economic downturn that lasted from late 2007 through mid-2009.

The Period of Economic Downturn That Ensued After the Financial