Global recession

Global recession,

Definition of Global recession:

  1. A period of general economic decline that has reached global proportions. The financial crisis in the United States in 2008 sparked a global recession that lasted into 2009..

  2. A global recession is an extended period of economic decline around the world. The International Monetary Fund (IMF) uses a broad set of criteria to identify global recessions, including a decrease in per-capita gross domestic product (GDP) worldwide. According to the IMF’s definition, this drop in global output must coincide with a weakening of other macroeconomic indicators, like trade, capital flows, and employment.

  3. It’s important to note macroeconomic indicators have to wane for a significant period of time to classify as a recession. In the United States, it’s generally accepted that GDP must drop for two consecutive quarters for a true recession to take place. However, the IMF does not specify a minimum length of time when examining global recessions.

How to use Global recession in a sentence?

  1. The IMF uses purchasing power parity to analyze the scale and impact of global recessions.
  2. A global recession is an extended period of economic decline around the world.
  3. The effect of a global recession on individual economies varies based on several factors.

Meaning of Global recession & Global recession Definition

Global Recession,

What Does Global Recession Mean?

  • Global Recession can be defined as, The global recession is a long period of global economic slowdown. The International Monetary Fund (IMF) uses a number of criteria to identify global recessions, including a reduction in gross domestic product (GDP) worldwide. According to the IMF's definition, the decline in global output must be accompanied by weakening of other economic indicators, such as trade, capital flows and employment.

    • The global recession is a long period of global economic slowdown.
    • The IMF uses its purchasing power to analyze the extent of the global recession and its effects.
    • The effects of the global recession on individual economies depend on a number of factors.

Literal Meanings of Global Recession

Global:

Meanings of Global:
  1. Applies to everyone in the world.

Sentences of Global
  1. The global economic slowdown

Synonyms of Global

international, worldwide, intercontinental, world

Recession:

Meanings of Recession:
  1. During periods of temporary economic downturn in which trade and industrial activity slows, GDP declines for up to two-quarters of a year.

  2. The process of turning away from the observer.

Sentences of Recession
  1. The expansion of the universe is explained by a very simple equation called Hubble Law: the rate of recession of galaxies is equal to the constant times of distance.

Synonyms of Recession

economic decline, depression, trough, credit squeeze, slowdown, downturn, credit crunch, slump