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Economic Impact of Political Events and Geopolitical Shifts
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How did the 2008 financial crisis impact the global economy?
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A
It led to a global recession.
💡 Explanation:
The 2008 financial crisis was a major global economic crisis that began in 2007 with a crisis in the subprime mortgage market in the United States. The crisis led to a global recession, the worst since the Great Depression of the 1930s.