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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. 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.

  6. How the Anticipated Recession Compares to Past Cycles - AOL

    www.aol.com/finance/anticipated-recession...

    The sudden rise of the coronavirus pandemic in early 2020 immediately plunged the U.S. into a recession. The GDP rate in Q2 2020 fell by a whopping 9.5% in the United States. However, the economy...

  7. Recession - Wikipedia

    en.wikipedia.org/wiki/Recession

    Decline in external demand: For countries with strong export sectors, a decline in demand from major trading partners can trigger a recession. [50] Global spillover effects: Recessions in one part of the world can have spillover effects on other economies due to global interconnectedness.

  8. 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.

  9. Great Recession - Wikipedia

    en.wikipedia.org/wiki/Great_Recession

    The recession data for the overall G20 zone (representing 85% of all GWP), depict that the Great Recession existed as a global recession throughout Q3 2008 until Q1 2009. Subsequent follow-up recessions in 2010–2013 were confined to Belize, El Salvador, Paraguay, Jamaica, Japan, Taiwan, New Zealand and 24 out of 50 European countries ...