what is global recession? what are its effects? how to cope recession?

2. What is Global recession?
A global recession is an extended period of economic decline around the world.
A global recession involves more or less synchronized recessions across many national
economics, as trade relations and international financial systems transmit economic
shocks and the impact of recession from one country to another

3. Causes of recession
Wars
Excessive
deflation
Sudden
economic shock
Inflation
Commodity
price collapse

4. Common
Effects of
recession
Per capita GDP
decline
Capital interest
rate falls
Decreased
Wages
Un-
employment
 A nation may have consistent economic
growth but if its population is
growing faster than its GDP,
GDP per capita growth will be negative.

5. Global recession
1929-1939 1982 1991 2009 2020
An overview of past recessions:
1929-1939:
 15 million people Unemployed
 20000 companies got bankrupt
Recession-2020:
 Recession was twice bad than 2009 recession.
 Global unemployment jumped from 1% to 6.5%
 Decline in imports and exports.

6. How to cope with recession?
Individual:
 Diversify investments portfolio.
 Diversify income streams.
Government:
 Tax reliefs.
 Establish emergency funds.
 Unemployment insurances.
 Social rehabilitation funds.

7. Future events that
may cause recession:
2023
Expected dollar collapse
Global capital shifting
Looming debt ceiling
Wars (Russia vs Ukraine)