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  2. Global recession - Wikipedia

    en.wikipedia.org/wiki/Global_recession

    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".

  3. Effects of the Great Recession - Wikipedia

    en.wikipedia.org/wiki/Effects_of_the_Great_Recession

    The number of unemployed people worldwide could increase by more than 50 million in 2009 as the global recession intensifies, the ILO has forecast. [18] In December 2007, the U.S. unemployment rate was 4.9%. [19] By October 2009, the unemployment rate had risen to 10.1%. [20]

  4. Do Prices Go Down In a Recession? Here’s What Usually Gets ...

    www.aol.com/prices-down-recession-usually-gets...

    People looking to make larger purchases such as cars or homes should look into how a recession may affect their particular local economy and the effect it may have on prices in their area.

  5. Economic impact of the COVID-19 pandemic - Wikipedia

    en.wikipedia.org/wiki/Economic_impact_of_the...

    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 ...

  6. Are we in a recession? What a recession is, and how you'll ...

    www.aol.com/recession-recession-youll-know-were...

    Our last true recession lasted about 18 months, from late 2007 through mid-2009, triggered by the housing market collapse. It took about six years for the economy to recover to pre-recession ...

  7. Recession has struck some of the world's top economies. The ...

    www.aol.com/news/recession-struck-worlds-top...

    As a result, the Federal Reserve’s rapid rate hikes of the past two years -- which have lifted mortgage rates from around 3% to about 6.7% -- have had little effect on many U.S. homeowners.

  8. COVID-19 recession - Wikipedia

    en.wikipedia.org/wiki/COVID-19_recession

    The COVID-19 recession was a global economic recession caused by COVID-19 lockdowns. The recession began in most countries in February 2020. After a year of global economic slowdown that saw stagnation of economic growth and consumer activity, the COVID-19 lockdowns and other precautions taken in early 2020 drove the global economy into crisis.

  9. What is a recession and how could it affect me? - AOL

    www.aol.com/news/recession-could-affect...

    A recession means the UK economy has shrunk for two three-month periods - or quarters - in a row.