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[[File: | [[File:1280px-GDP Real Growth in 2009.svg.png|thumb|305x305px|World map showing [[List of countries by real GDP growth rate|real GDP growth rates]] for 2009; countries in brown were in a recession.]] | ||
The '''Great Recession''' was an | The '''Great Recession''' was an economic crash between 2007 and 2008 due to the overleveraging of the world economy which was at the time centered around the US financial sector on Wall Street. | ||
Thanks to socialism and central planning, China's economy was able to weather the financial storm and continue to grow in this time.<ref>{{News citation|author=Nake Kamrany|newspaper=Huffington Post|title=China's Rapid Recovery in the Great Recession of 2007 - 2009|date=2011-02-18|url=https://www.huffpost.com/entry/chinas-rapid-recovery-in-_b_825194}}</ref> Not unlike the [[USSR]]'s ability to weather the [[Great Depression]]. | |||
== References == | == References == | ||
<references /> | <references /> | ||
[[Category:Economic | [[Category:Economic crisis]] | ||