President Obama's first inauguration was held during the depths of the Great Recession. The situation was dire; the economy had lost nearly 3.6 million jobs in 2008 and was shedding jobs at a nearly 800,000 per month rate when he took office.
I believe it was Ecuador, based on this government file released by the cia:
https://www.cia.gov/library/readingroom/docs/DOC_0000437007.pdf
