The early 2000s recession began to stabilize in the final months of the year. Growth was focused in the first half of the year before tapering in the second half as stock markets entered into a downturn. By October, global equities saw a 24% decrease in 2002. Particularly affected was AOL-Time Warner, with its stocks losing 65% of their value by the fall. The information technology industry in particular saw major decline in 2002 before it began its recovery from the dot-com crash that had previously affected it. The telecommunications industry was affected even more severely.
The early 2000s recession began to stabilize in the final months of the year. Growth was focused in the first half of the year before tapering in the second half as stock markets entered into a downturn. By October global equities saw a 24% decrease in 2002. Particularly affected was AOL-Time Warner, with its stocks losing 65% of their value by the fall. The information technology industry in particular saw major decline in 2002 before it began its recovery from the dot-com crash that had previously affected it. The telecommunications industry was affected even more severely.