Great Trade Collapse
id:
great-trade-collapse-317-18591090
title:
Great Trade Collapse
text:
The Great Trade Collapse, a consequence of the 2008 financial crisis, occurred between the third quarter of 2008 and the second quarter of 2009. During this time, world GDP dropped by 1% and world trade dropped by 10%. This drop in global trade was synchronized across almost every country in the world. Researchers cite three main reasons for the collapse: sudden drops in demand and supply, credit constraint, and a stifled global value chain.
brand slug:
wiki
category slug:
encyclopedia
description:
original url:
https://en.wikipedia.org/wiki/Great_Trade_Collapse
date created:
date modified:
2022-12-18T03:18:22Z
main entity:
{"identifier":"Q28133003","url":"https://www.wikidata.org/entity/Q28133003"}
image:
fields total:
13
integrity:
13