Definitions for global recession
glob·al reces·sion

WikidataRate this definition:0.0 / 0 votes

1. Global recession

   A global recession is a period of global economic slowdown. The International Monetary Fund takes many factors into account when defining a global recession. Until April 2009, IMF several times communicated to the press, that a global annual real GDP growth of 3.0 percent or less in their view was "equivalent to a global recession". By this measure, six periods since 1970 qualify: 1974‑1975, 1980‑1983, 1990‑1993, 1998, 2001‑2002, and 2008‑2009. In April 2009, IMF changed their Global recession definition to: ⁕A decline in annual per‑capita real World GDP, backed up by a decline or worsening for one or more of the seven other global macroeconomic indicators: Industrial production, trade, capital flows, oil consumption, unemployment rate, per‑capita investment, and per‑capita consumption. By this new definition, a total of four global recessions took place since World War II: 1975, 1982, 1991 and 2009. All of them only lasted one year, although the third would have lasted three years if IMF as criteria had used the normal exchange rate weighted per‑capita real World GDP rather than the purchase power parity weighted per‑capita real World GDP. The latest 2009 global recession, commonly referred to as the Great Recession, was by far the worst of the four post-war recessions, both in terms of how many countries were affected and how much the real World GDP per capita declined.

How to pronounce global recession?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say global recession in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of global recession in Chaldean Numerology is: 8

2. Pythagorean Numerology

   The numerical value of global recession in Pythagorean Numerology is: 3

Examples of global recession in a Sentence

1. Capital Economics:

   [China’s] exports have already reversed much of their pandemic-era boom, but a looming global recession means they probably have further to fall over the next few quarters.

2. Andrew Selee:

   The global recession really made people lose hope, it’s a big deal to go from being middle class in your country to be undocumented in the United States.

3. Jim Paulsen:

   The fear is we're headed for global recession.

4. Rodrigo Catril:

   The decision by these APAC central banks to 'go hard and early' has provided further fuel to concerns of a global recession, this also means that the Fed will need to come to the rescue.

5. Christine Lagarde:

   Does that mean a global recession is around the corner? No. But the risk of a sharper decline in global growth has certainly increased.

References

1. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=global recession