The Year the Global Economy Tanked
745 views · Published 24 December 2008 · 3:36 · Indexed 20 September 2026
Channel: Voice of America · 2008 · News & Politics
2008 will likely be known as the global economy's worst year in decades. What began as a modest U.S. economic downturn accelerated into a full-blown credit and financial crisis that spread around the world. Aggressive intervention by governments and central banks failed to reassure reeling financial markets, ease tight credit, or stave off what is expected to be a protracted global recession. From Washington, VOA's Michael Bowman reports.
