Global Recession

A global recession is a period when the economies of many countries slow down significantly, leading to decreased production, higher unemployment, and lower consumer spending worldwide. It often results from factors like financial crises, high debt levels, or shocks such as pandemics or geopolitical conflicts. During a recession, businesses sell less, people lose jobs or earn less, and governments may implement measures to stimulate growth. Because economies are interconnected, a recession in one country can spread to others, impacting global trade, investment, and financial markets. It’s a temporary slowdown, but recovery can take time and requires coordinated efforts.