5. The Great Recession affected the world considering it is the world’s largest economy. After the recession, China’s growth decreased from a double-digit growth to a 6 or 7% growth. In Latin America, the recession resulted to a low demand of minerals, livestock, and feed. For Britain, France, and Germany the fall of demand from the US meant that there would be lower exports by European companies, lower sales and profits for European firms, and the major capital loss of European investments in the United
