The Great Recession, which started late in 2007 and produced a severe downturn in September 2008, has affected the whole global economy. How would you assess the economy today, about 15 years later? A number of policies have been implemented by federal fiscal authorities (since the onset of the crisis) to boost production and return unemployment to its natural rate. Do research about these policies in order to assess how successful they have been. What would you do differently?

The year 2020 launched with the global community grappling with an extraordinary coronavirus pandemic that emerged in late 2019(Covid-19), profoundly threatening for people's lives, way of life, and the economy, the world over. Two years later, despite having vaccines already, the world community is still grappling with the economic and social ills brought about by the pandemic. What do you expect the possible consequences of the latter to be, particularly in the long term, and more specifically for the U.S. economy and its regional economies, as well as the world economy?

Conduct some research in order to explain and substantiate on both points (the Great Recession and the pandemic), making sure to pinpoint and elaborate on possible links among them.

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Assessing the Economy PostGreat Recession The Great Recession of 20072009 was a global economic downturn triggered by the collapse of the housing market in the United States and exacerbated by the fai... View the full answer