Which statement best summarizes the financial crisis of 2008?

The 2008 crisis began in the United States, especially with problems in housing and financial markets. Because economies were connected through trade and finance, the crisis spread worldwide and slowed the global economy. That global downturn then reduced demand for US goods and services, making recovery in the United States more difficult. So the best summary is that problems in the US economy slowed the global economy, which in turn made US recovery harder.

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