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The International Monetary Fund defines a global recession as "a decline in annual per‑capita real World GDP (purchasing power parity weighted), 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".
The Middle East-North Africa region hosts 23% of the world's Muslims, and Islam is the dominant religion in every country in the region [26] other than Israel. [ 12 ] The country with the single largest population of Muslims is Indonesia in Southeast Asia , which on its own hosts 13% of the world's Muslims. [ 27 ]
Adverse events: Unexpected major world events like natural disasters and geopolitical events like wars can cause widespread disruptions in critical sectors in supply chains and disrupt economic activity, reduce productivity, increase costs, affect confidence and thereby diminish economic activity, leading to decreased spending and investment ...
Even as Wall Street continues to melt down and the country plumbs the depths of the recession, one industry is hitting its stride. Financial education, which has long been based in a.
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A recession means the UK economy has shrunk for two three-month periods - or quarters - in a row.
The COVID-19 pandemic caused far-reaching economic consequences [1] including the COVID-19 recession, the second largest global recession in recent history, [2] decreased business in the services sector during the COVID-19 lockdowns, [3] the 2020 stock market crash (which included the largest single-week stock market decline since the financial ...
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