Publication:
Global Recessions

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dc.contributor.authorTerrones, Marco E.
dc.contributor.authorKose, M. Ayhan
dc.contributor.authorSugawara, Naotaka
dc.date.accessioned2020-03-05T16:07:18Z
dc.date.available2020-03-05T16:07:18Z
dc.date.issued2020-03
dc.description.abstractThe world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity. The global recessions were highly synchronized internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by the global financial crisis, was by far the deepest and most synchronized of the four recessions. As the epicenter of the crisis, advanced economies felt the brunt of the recession. The subsequent expansion has been the weakest in the post-war period in advanced economies, as many of them have struggled to overcome the legacies of the crisis. In contrast, most emerging market and developing economies weathered the 2009 global recession relatively well and delivered a stronger recovery than after previous global recessions.en
dc.identifierhttp://documents.worldbank.org/curated/en/185391583249079464/Global-Recessions
dc.identifier.doi10.1596/1813-9450-9172
dc.identifier.urihttps://hdl.handle.net/10986/33415
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 9172
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectGLOBAL ECONOMIC CRISIS
dc.subjectGLOBAL RECESSION
dc.subjectGLOBAL RECOVERY
dc.subjectBUSINESS CYCLE
dc.subjectSYNCHRONIZATION
dc.subjectFINANCIAL MARKETS
dc.titleGlobal Recessionsen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleGlobal Recessions
okr.date.disclosure2020-03-03
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/185391583249079464/Global-Recessions
okr.guid185391583249079464
okr.identifier.doi10.1596/1813-9450-9172
okr.identifier.externaldocumentum090224b08769eee9_1_0
okr.identifier.internaldocumentum31836206
okr.identifier.reportWPS9172
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/185391583249079464/pdf/Global-Recessions.pdfen
okr.statistics.combined78446
okr.statistics.dr185391583249079464
okr.statistics.drstats72657
okr.topicMacroeconomics and Economic Growth::Business Cycles and Stabilization Policies
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.unitDevelopment Prospects Group (DECPG)
relation.isAuthorOfPublicationac9fefe8-9d4d-555d-bb68-f056fd7a3790
relation.isAuthorOfPublication15ad6511-d287-58b3-a826-22cbb2bd8097
relation.isAuthorOfPublication.latestForDiscoveryac9fefe8-9d4d-555d-bb68-f056fd7a3790
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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