Economic Recession

Topics: Recession, Unemployment, Economics Pages: 4 (1290 words) Published: February 12, 2013
Economic Recession of 2007
William Mwangi

Class title and section
Professor’s name
Due date of Assignment: 26th August 2011.
William Mwangi
Economic crisis Class
Professor’s name
24th August, 2011.
Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession? Thesis Statement: Although the recession that dates back in 2007 is still long and deep and surely has shown some recovery, the potential that it will completely recover is still vague. I.Causes of the 2007 recession

A.Inflation
B.Housing Prices
C.Oil Prices
-Recovery measures
A. Cutting Production cost
i.Caused unemployment
B. Increase Interest rates by the Federal reserves
i.Reduced Housing prices
C. Reduced prices per barrel by exploiting more reserves and alternative energy II.Case Study on potential future recovery
A.Predicted worse future outcomes
i.unemployment, low GDP, and increased government debts
William Mwangi
Economic crisis Class
Essay One, Final draft
24th August, 2011.
Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession? This essay revolves around a macroeconomic analysis of the global economic recession that began in 2007 and still progressing up to date. The essay outlines scores that caused it, what were the effects, where does the economy stand, the prospects that are in play to resolve it, and whether it is possible to predict another major recession. This study reviews key macroeconomic facts, financial concepts, and a look into economic crisis with a lens of standard macroeconomic models that explains the recession in a more clear way. Although the recession that dates back in 2007 is still long and deep and surely has shown some recovery, the potential that it will completely recover is still vague. To be specific on minimums, recession means a downfall in Gross Domestic Product (GDP) of a given nation in...

Cited: Bijlani, Priyanka. Recession, Its Causes & Effects. 8 Dec. 2008. 19 August. 2011. <
http://www.articlesbase.com/finance-articles/recession-its-causes-effects-680290.html >
Cline, William R. Financial Globalization, Economic Growth, and the Crisis of 2007-09.
Washington D.C. Peterson Institute, 2010. Print.
Jones, Charles. The Global Financial Crisis of 2007-20?? 12 March. 2009. 19 August.
2011.
< http://www.econ.ohio-state.edu/mccafferty/econ502.02/CurrentEvents2009.pdf>
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