Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Recession indicators worldwide - statistics & facts
The word "recession" often strikes fear into the hearts of investors, business owners, and consumers alike, as it represents a period of significant economic hardship and uncertainty. While there is no single definition of recession, however, it is commonly described as a significant decline in economic activity that lasts more than a few months. Global recessions can be triggered by various factors, including health crises, geopolitical conflicts, and financial market instability. These events can significantly weaken global economic growth and increase inflationary pressures.
