COVID-19's historic economic impact in the U.S. and abroad

More than 2.1 million people around the world have become infected with COVID-19, and more than 140,000 people have died from the disease. The United States, now approaching 650,000 infections, is the new epicenter of the ...

The coronavirus pandemic is already increasing inequality

So far, the impact of the coronavirus crisis has not been felt equally across the UK population in health and economic terms. If it is followed by a major recession, the effect on inequality could worsen dramatically.

Expert explains why the odds of a coronavirus recession have risen

Throughout his career, Jeffrey Frankel, James W. Harpel Professor of Capital Formation and Growth at Harvard Kennedy School (HKS), has assiduously tried to avoid making predictions about when the next economic recession would ...

Tesla posts higher earnings but still falls short

Electric carmaker Tesla posted another quarter of higher earnings on Wednesday but fell short of expectations after announcing another round of job cuts earlier in the month.

page 1 from 5

Global recession

A global recession is a period of global economic slowdown. The International Monetary Fund (IMF) takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession". By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002.

This text uses material from Wikipedia, licensed under CC BY-SA