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Did not suffer a significant downturn
- Amid wretched conditions—wars, surging inflation, and the biggest interest-rate surge in 40 years—the global economy did not suffer a significant downturn. It merely slowed.
www.brookings.edu/articles/5-risks-global-economy-2024/5 major risks confronting the global economy in 2024 - Brookings
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Jan 30, 2024 · Economic downturn was considered the number one risk over the next two years by a significant number of regions, including the US and over 20 European countries. The report recommends localized strategies as well as cross-border coordination to tackle these global risks.
Jan 17, 2024 · Amid wretched conditions—wars, surging inflation, and the biggest interest-rate surge in 40 years—the global economy did not suffer a significant downturn. It merely slowed.
The IMF estimates that the global economy shrunk by 4.4% in 2020. The organisation described the decline as the worst since the Great Depression of the 1930s. The only major economy to grow...
Jul 26, 2022 · Still reeling from the COVID pandemic and Russia’s invasion of Ukraine, the global economy is facing an increasingly murky and uncertain outlook, according to the latest report released on...
Jun 8, 2021 · A year and a half since the onset of the COVID-19 pandemic, the global economy is poised to stage its most robust post-recession recovery in 80 years in 2021. But the rebound is expected to be uneven across countries, as major economies look set to register strong growth even as many developing economies lag.
Jul 3, 2024 · Worldwide. The global COVID-19 coronavirus pandemic had severe negative impacts on the global economy. During 2020, the world's collective gross domestic product (GDP) fell by 3.4 percent.
Jun 8, 2020 · The coronavirus pandemic and containment measures have plunged the global economy into deep contraction. World Bank Global Economic Prospects forecasts say global economy will shrink 5.2% this year, using market exchange rate weights; deepest recession since WW II.
