What are the main causes of a global recession?
Global recessions can be caused by various factors, including financial crises, high inflation, and geopolitical tensions.
How do these causes affect the global economy?
These causes can lead to decreased consumer spending, increased unemployment, and reduced investment, impacting economic growth.
Can you give examples of past global recessions?
Sure! Notable examples include the Great Depression in the 1930s and the 2008 financial crisis.
What are the long-term effects of a global recession?
Long-term effects can include structural unemployment, changes in consumer behavior, and shifts in global trade patterns.
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