The global recession was in part set off by problems related to financial markets, which were:

Question

Quizplus · Accepted Answer

Financial markets were largely deregulated, meaning that there were few regulations in place to prevent risky financial practices and investments. This led to the development of complex financial instruments that were difficult to understand and manage, ultimately contributing to the global recession. While international investments and consumer debt also played a role, the deregulation of financial markets was a primary factor. The euro currency was not a significant contributing factor to the recession.

The Global Recession Was in Part Set Off by Problems