The 2008 credit crunch predominantly originated in the United States of America. It was largely caused by the collapse of the housing market and the widespread use of subprime mortgages, as well as risky financial products tied to these mortgages. The crisis led to significant failures in major financial institutions, as well as government bailouts and economic downturns around the world. Therefore, the correct statement is that this credit crunch originated in the United States of America.
In 2008 the Western world suffered the worst "credit crunch" in history.
This credit crunch originated in the United States of America.
This credit crunch originated in Panama after the Panama papers were leaked.
This credit crunch originated in Switzerland after the Basil III Accord.
This credit crunch originated in the United Kingdom.
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