A global recession is characterized by a significant decline in economic activity across the world, lasting more than a few months. The International Monetary Fund (IMF) monitors global economic conditions and provides assessments. Previous global recessions include the 2008 financial crisis and the COVID-19 pandemic-induced recession.
Details:
Historical Context: Previous recessions and their triggers, such as financial crises, pandemics, and geopolitical events.
Factors to Consider: Economic indicators (GDP growth, unemployment rates), monetary policies, and global trade conditions.
Data Sources: IMF reports, World Bank data, and economic analysis from major financial institutions.
1,000
3.00Bizarre this is so high... global recessions are precipitated by things like pandemics, world, wars, and once-in-a-century financial disasters (the great recession was the worst downturn since the Great Depression). Baseline odds should be that this happens once per ~25 years, which would put the fair price for this market below 10%.