The Great Recession from 2007-09 saw GDP fall 4.3%, the biggest drop since the Great Depression. Deregulation in the 2000s and excessive risk by banks were major causes of the financial crisis.

However, the New York Fed's calculated probability of a recession wasn't much higher in late 2007 and early 2008 -- the beginning of what was later called the Great Recession. Where to invest $ ...

I was in college when the Great Recession officially ended in June 2009. But I couldn’t find a job that summer or the next one because the effects of the recession, which reverberated throughout ...