Economically, the 2000s commodities boom caused positive effects for many Latin American economies. Another trend was the rapidly increasing importance of their relations with China.[42]However, with the Great Recession beginning in 2008, there was an end to the commodity boom, resulting in economic stagnation or recession resulted in some countries. A number of left-wing governments of the Pink tide lost support. The worst-hit was Venezuela, which is facing severe social and economic upheaval.[citation needed]