answersLogoWhite

0

A global Recession refers to a situation where the GDP of a many nations has been on a down trend (Decline) for two consecutive quarters (at least 6 months)

If the decline in GDP continues for a further 2 quarters the economy can be said to be in a state of Depression.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

What is global economic meltdown in full?

It means the word is facing a recession.


What is global recession?

Global recession is a period of economic slowdown. The Great Depression and Great Recession are two periods in time that experienced global recession.


When was a recession in 1990's?

The Global Recession in the 90s and the Global financial Crisis in the mid 90's.


In the time of global recession what is the actual purpose of HRM?

In this time of global recession what is the actual purpose of HRM? vens...


Was North Korea affected by the global recession?

NO. North Korea was not affected in any meaningful way by the global recession, but this is primarily because North Korea is an autarky (which means it engages in little to no international trade). North Korea's economy is a consistent failure.


Who is indirectly affected the global recession?

people


Impact of recession on Indian equity market?

which type of Impact on Indian market byt Global recession


What caused the global recession?

George W. Bush


What is the cause of world wide glacial recession?

Global warming


Where can information be found on Global Impacts Of Recession in Hindi language?

You can use Google to search the Hindi Wikipedia site for a subject like: Global recession site:hi.wikipedia.org See the link below.


What are the implications of global recession?

The global recession has adverse effects on the worldâ??s economy. The effects include loss of jobs and foreclosure of homes. Inflation has led to high prices for food and other commodities.


What global reccesion means?

A global recession refers to a period of widespread economic decline that affects multiple countries around the world. It is characterized by a significant slowdown in economic activity, leading to high unemployment rates, reduced consumer spending, and lower investment levels. Governments and central banks often implement various measures to stimulate the economy and work towards recovery during a global recession.