By:Haikal,Danial,Ahmad
A regional recession when it affects only a region or
group of coountries.
Example:European Sovereign Debt Crisis
This Cri...
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Global recessions is a period of global
economic slowdown. Generally, the
International Monetary Fund (IMF) considers a...
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Well explanation of Global recession with
usage of specific examples
However did not explain how recession ...
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Haikal

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Haikal

  1. 1. By:Haikal,Danial,Ahmad
  2. 2. A regional recession when it affects only a region or group of coountries. Example:European Sovereign Debt Crisis This Crisis started in 2010 when Greece was unable to repay its government debt.Since then,other European countries such as Ireland,Portugal and spain have also sought help in repaying their government debts.This result in the collapse of businesses and financial institution,and massive unemployment. 
  3. 3.  Global recessions is a period of global economic slowdown. Generally, the International Monetary Fund (IMF) considers a global recession as a period where gross domestic product (GDP) growth is at 3% or less. In addition to that, the IMF looks at declines in real per-capita world GDP along with several global macroeconomic factors before confirming a global recession.
  4. 4.      Well explanation of Global recession with usage of specific examples However did not explain how recession affects tourism??!!! How do you think tourists would be affected during a recession? What would the various government do to tourism in times of recession? What are the consequences of tourist spendings during a recession?

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