In mid-November of 2009, The Economist wrote an article dealing with France’s sudden interest in Islamic banking. What’s a recession? Financial Recession is a financial meltdown, which might final for a interval of few months to couple of years and may affect regional or world economy, resulting in monetary disaster, market crash, unemployment and financial despair. An extended-lasting impression of financial recession can lead to economic despair. This part provides articles and news on subprime mortgage disaster, credit crunch, present economic disaster, stock market crash, monetary bailout, major causes of financial recession, indicators of financial melancholy, US financial recession historical past, and recession cycle. The combined monetary statements of the…