100+ datasets found
  1. Great Recession: global gross domestic product (GDP) growth from 2007 to...

    • statista.com
    Updated Sep 2, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). Great Recession: global gross domestic product (GDP) growth from 2007 to 2011 [Dataset]. https://www.statista.com/statistics/1347029/great-recession-global-gdp-growth/
    Explore at:
    Dataset updated
    Sep 2, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2007 - 2011
    Area covered
    Worldwide
    Description

    From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

    Global similarities, global differences

    Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

  2. United States Recession Probability

    • ceicdata.com
    Updated Feb 15, 2025
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2025). United States Recession Probability [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/recession-probability
    Explore at:
    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2018 - Mar 1, 2019
    Area covered
    United States
    Description

    United States Recession Probability data was reported at 14.120 % in Oct 2019. This records a decrease from the previous number of 14.505 % for Sep 2019. United States Recession Probability data is updated monthly, averaging 7.668 % from Jan 1960 (Median) to Oct 2019, with 718 observations. The data reached an all-time high of 95.405 % in Dec 1981 and a record low of 0.080 % in Sep 1983. United States Recession Probability data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

  3. Opinion on cause of EU economic problems, by country 2012

    • statista.com
    Updated Dec 13, 2022
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista Research Department (2022). Opinion on cause of EU economic problems, by country 2012 [Dataset]. https://www.statista.com/topics/10195/the-global-financial-crisis/
    Explore at:
    Dataset updated
    Dec 13, 2022
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Description

    This statistic shows public evaluation of who was to blame for the economic problems in each country as of 2012. 78 percent of respondents in Spain felt that it was the banks and financial institutions that were most to blame for the current economic problems in their own country as of 2012.

  4. Replication dataset and calculations for PIIE WP 19-11, International...

    • piie.com
    Updated Jul 3, 2019
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Edwin M. Truman (2019). Replication dataset and calculations for PIIE WP 19-11, International Coordination of Economic Policies in the Global Financial Crisis: Successes, Failures, and Consequences, by Edwin M. Truman. (2019). [Dataset]. https://www.piie.com/publications/working-papers/international-coordination-economic-policies-global-financial-crisis
    Explore at:
    Dataset updated
    Jul 3, 2019
    Dataset provided by
    Peterson Institute for International Economicshttp://www.piie.com/
    Authors
    Edwin M. Truman
    Description

    This data package includes the underlying data and files to replicate the calculations, charts, and tables presented in International Coordination of Economic Policies in the Global Financial Crisis: Successes, Failures, and Consequences, PIIE Working Paper 19-11.

    If you use the data, please cite as: Truman, Edwin M. (2019). International Coordination of Economic Policies in the Global Financial Crisis: Successes, Failures, and Consequences. PIIE Working Paper 19-11. Peterson Institute for International Economics.

  5. United States: duration of recessions 1854-2024

    • statista.com
    Updated Jul 4, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). United States: duration of recessions 1854-2024 [Dataset]. https://www.statista.com/statistics/1317029/us-recession-lengths-historical/
    Explore at:
    Dataset updated
    Jul 4, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    The Long Depression was, by a large margin, the longest-lasting recession in U.S. history. It began in the U.S. with the Panic of 1873, and lasted for over five years. This depression was the largest in a series of recessions at the turn of the 20th century, which proved to be a period of overall stagnation as the U.S. financial markets failed to keep pace with industrialization and changes in monetary policy. Great Depression The Great Depression, however, is widely considered to have been the most severe recession in U.S. history. Following the Wall Street Crash in 1929, the country's economy collapsed, wages fell and a quarter of the workforce was unemployed. It would take almost four years for recovery to begin. Additionally, U.S. expansion and integration in international markets allowed the depression to become a global event, which became a major catalyst in the build up to the Second World War. Decreasing severity When comparing recessions before and after the Great Depression, they have generally become shorter and less frequent over time. Only three recessions in the latter period have lasted more than one year. Additionally, while there were 12 recessions between 1880 and 1920, there were only six recessions between 1980 and 2020. The most severe recession in recent years was the financial crisis of 2007 (known as the Great Recession), where irresponsible lending policies and lack of government regulation allowed for a property bubble to develop and become detached from the economy over time, this eventually became untenable and the bubble burst. Although the causes of both the Great Depression and Great Recession were similar in many aspects, economists have been able to use historical evidence to try and predict, prevent, or limit the impact of future recessions.

  6. United States NBER-Based Recession Indicators from the Peak Through the...

    • ceicdata.com
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com, United States NBER-Based Recession Indicators from the Peak Through the Trough [Dataset]. https://www.ceicdata.com/en/united-states/nberbased-recession-indicators/nberbased-recession-indicators-from-the-peak-through-the-trough
    Explore at:
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 13, 2025 - Mar 24, 2025
    Area covered
    United States
    Description

    United States NBER-Based Recession Indicators from the Peak Through the Trough data was reported at 0.000 Unit in 14 May 2025. This stayed constant from the previous number of 0.000 Unit for 13 May 2025. United States NBER-Based Recession Indicators from the Peak Through the Trough data is updated daily, averaging 0.000 Unit from Dec 1854 (Median) to 14 May 2025, with 62256 observations. The data reached an all-time high of 1.000 Unit in 15 Apr 2020 and a record low of 0.000 Unit in 14 May 2025. United States NBER-Based Recession Indicators from the Peak Through the Trough data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.S: NBER-Based Recession Indicators.

  7. United States FRB Recession Risk

    • ceicdata.com
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com, United States FRB Recession Risk [Dataset]. https://www.ceicdata.com/en/united-states/frb-recession-risk/frb-recession-risk
    Explore at:
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 1, 2024 - Feb 1, 2025
    Area covered
    United States
    Description

    United States FRB Recession Risk data was reported at 0.178 % in Apr 2025. This records a decrease from the previous number of 0.192 % for Mar 2025. United States FRB Recession Risk data is updated monthly, averaging 0.193 % from Jan 1973 (Median) to Apr 2025, with 628 observations. The data reached an all-time high of 1.000 % in Oct 2008 and a record low of 0.022 % in Jul 2003. United States FRB Recession Risk data remains active status in CEIC and is reported by Federal Reserve Board. The data is categorized under Global Database’s United States – Table US.S090: FRB Recession Risk.

  8. d

    Replication Data for The Complex Crises Database: 70 years of Macroeconomic...

    • search.dataone.org
    • dataverse.harvard.edu
    Updated Nov 13, 2023
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Betin, Manuel; Umberto Collodel (2023). Replication Data for The Complex Crises Database: 70 years of Macroeconomic Crises [Dataset]. http://doi.org/10.7910/DVN/OCSCVL
    Explore at:
    Dataset updated
    Nov 13, 2023
    Dataset provided by
    Harvard Dataverse
    Authors
    Betin, Manuel; Umberto Collodel
    Description

    .xlsx file for the replication of the Paper The Complex Crises Database: 70 years of Macroeconomic Crises. It contains the term frequencies of 20 crises sentiment indexes computed from the IMF country report for the period 1956-2016 for 181 countries. (2021-07-02)

  9. Great Recession: GDP growth for the E7 emerging economies 2007-2011

    • statista.com
    Updated Sep 2, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Statista (2024). Great Recession: GDP growth for the E7 emerging economies 2007-2011 [Dataset]. https://www.statista.com/statistics/1346915/great-recession-e7-emerging-economies-gdp-growth/
    Explore at:
    Dataset updated
    Sep 2, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    2007 - 2011
    Area covered
    Worldwide
    Description

    The Global Financial Crisis (2007-2008), which began due to the collapse of the U.S. housing market, had a negative effect in many regions across the globe. The global recession which followed the crisis in 2008 and 2009 showed how interdependent and synchronized many of the world's economies had become, with the largest advanced economies showing very similar patterns of negative GDP growth during the crisis. Among the largest emerging economies (commonly referred to as the 'E7'), however, a different pattern emerged, with some countries avoiding a recession altogether. Some commentators have particularly pointed to 2008-2009 as the moment in which China emerged on the world stage as an economic superpower and a key driver of global economic growth. The Great Recession in the developing world While some countries, such as Russia, Mexico, and Turkey, experienced severe recessions due to their connections to the United States and Europe, others such as China, India, and Indonesia managed to record significant economic growth during the period. This can be partly explained by the decoupling from western financial systems which these countries undertook following the Asian financial crises of 1997, making many Asian nations more wary of opening their countries to 'hot money' from other countries. Other likely explanations of this trend are that these countries have large domestic economies which are not entirely reliant on the advanced economies, that their export sectors produce goods which are inelastic (meaning they are still bought during recessions), and that the Chinese economic stimulus worth almost 600 billion U.S. dollars in 2008/2009 increased growth in the region.

  10. United States NBER: Recorded Recession

    • ceicdata.com
    Updated Mar 15, 2023
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2023). United States NBER: Recorded Recession [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/nber-recorded-recession
    Explore at:
    Dataset updated
    Mar 15, 2023
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    United States NBER: Recorded Recession data was reported at 0.000 Unit in Oct 2018. This stayed constant from the previous number of 0.000 Unit for Sep 2018. United States NBER: Recorded Recession data is updated monthly, averaging 0.000 Unit from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 1.000 Unit in Jun 2009 and a record low of 0.000 Unit in Oct 2018. United States NBER: Recorded Recession data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability. An interpretation of US Business Cycle Expansions and Contractions data provided by The National Bureau of Economic Research (NBER). A value of 1 is a recessionary period, while a value of 0 is an expansionary period.

  11. Replication dataset for PIIE PB 24-6, Egypt’s 2023-24 economic crisis: Will...

    • piie.com
    Updated Aug 6, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Ruchir Agarwal; Adnan Mazarei (2024). Replication dataset for PIIE PB 24-6, Egypt’s 2023-24 economic crisis: Will this time be different? by Ruchir Agarwal and Adnan Mazarei (2024). [Dataset]. https://www.piie.com/publications/policy-briefs/2024/egypts-2023-24-economic-crisis-will-time-be-different
    Explore at:
    Dataset updated
    Aug 6, 2024
    Dataset provided by
    Peterson Institute for International Economicshttp://www.piie.com/
    Authors
    Ruchir Agarwal; Adnan Mazarei
    Area covered
    Egypt
    Description

    This data package includes the underlying data files to replicate the data and charts presented in Egypt’s 2023-24 economic crisis: Will this time be different? by Ruchir Agarwal and Adnan Mazarei, PIIE Policy Brief 24-6.

    If you use the data, please cite as: Agarwal, Ruchir, and Adnan Mazarei. 2024. Egypt’s 2023-24 economic crisis: Will this time be different?. PIIE Policy Brief 24-6. Washington, DC: Peterson Institute for International Economics.

  12. o

    The impact of the global financial and economic crisis on poverty policy...

    • data.opendevelopmentmekong.net
    Updated Jan 11, 2016
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2016). The impact of the global financial and economic crisis on poverty policy brief [Dataset]. https://data.opendevelopmentmekong.net/dataset/2c0bdd8b-a62a-5163-986d-eafb7d79adde
    Explore at:
    Dataset updated
    Jan 11, 2016
    Description

    Economy and commerce Poverty policy and regulation Data Resource Preview - The Impact of the GLobal Financial and Economic Crisis on Poverty Policy Brief @--> { "fields": [ { "001": "2437_1" }, { "008": "131211 2012 " }, { "100": { "ind1": " ", "subfields": [ { "a": "Tong, Kimsun" } ], "ind2": " " } }, { "245": { "ind1": " ", "subfields": [ { "a": "The Impact of the GLobal Financial and Economic Crisis on Poverty" }, { "b": "Policy Brief" } ], "ind2": " " } }, { "250": { "ind1": " ", "subfields": [ { "a": "No. 6" } ], "ind2": " " } }, { "260": { "ind1": " ", "subfields": [ { "b": "Cambodia Development Research Institute (CDRI)" }, { "a": "Phnom Penh" }, { "c": "2012" } ], "ind2": " " } }, { "300": { "ind1": " ", "subfields": [ { "a": "2 p" } ], "ind2": " " } }, { "653": { "ind1": " ", "subfields": [ { "a": "Poverty" }, { "a": "Economy" }, { "a": "001" } ], "ind2": " " } } ], "leader": "00384nam a0000121ua 124 " }

  13. United States GDP-Based Recession Indicator Index

    • ceicdata.com
    Updated Sep 15, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2024). United States GDP-Based Recession Indicator Index [Dataset]. https://www.ceicdata.com/en/united-states/gdpbased-recession-indicator-index
    Explore at:
    Dataset updated
    Sep 15, 2024
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2021 - Sep 1, 2024
    Area covered
    United States
    Description

    GDP-Based Recession Indicator Index data was reported at 6.800 % Point in Dec 2024. This records an increase from the previous number of 2.300 % Point for Sep 2024. GDP-Based Recession Indicator Index data is updated quarterly, averaging 7.900 % Point from Dec 1967 (Median) to Dec 2024, with 229 observations. The data reached an all-time high of 100.000 % Point in Jun 2020 and a record low of 0.000 % Point in Sep 2020. GDP-Based Recession Indicator Index data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.S094: GDP-Based Recession Indicator Index.

  14. United States Probability of Recession: United States

    • ceicdata.com
    Updated May 11, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2024). United States Probability of Recession: United States [Dataset]. https://www.ceicdata.com/en/united-states/probability-of-recession
    Explore at:
    Dataset updated
    May 11, 2024
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2024 - Jan 1, 2025
    Area covered
    United States
    Description

    Probability of Recession: United States data was reported at 0.995 % in Mar 2025. This records a decrease from the previous number of 1.031 % for Feb 2025. Probability of Recession: United States data is updated monthly, averaging 1.564 % from Jan 1980 (Median) to Mar 2025, with 543 observations. The data reached an all-time high of 87.972 % in May 2020 and a record low of 0.021 % in Jan 1980. Probability of Recession: United States data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s CEIC Leading Indicator – Table US.S002: Probability of Recession.

  15. United States Recession Prob: Yield Curve: 10 Year Treasury Yield

    • ceicdata.com
    Updated Nov 27, 2021
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2021). United States Recession Prob: Yield Curve: 10 Year Treasury Yield [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/recession-prob-yield-curve-10-year-treasury-yield
    Explore at:
    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    United States Recession Prob: Yield Curve: 10 Year Treasury Yield data was reported at 3.150 % in Oct 2018. This records an increase from the previous number of 3.000 % for Sep 2018. United States Recession Prob: Yield Curve: 10 Year Treasury Yield data is updated monthly, averaging 5.750 % from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 15.320 % in Sep 1981 and a record low of 1.500 % in Jul 2016. United States Recession Prob: Yield Curve: 10 Year Treasury Yield data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

  16. United States NBER based Recession Indi frm the Peak to the Pd Prcdng the...

    • ceicdata.com
    Updated Mar 24, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2025). United States NBER based Recession Indi frm the Peak to the Pd Prcdng the Trough [Dataset]. https://www.ceicdata.com/en/united-states/nberbased-recession-indicators/nber-based-recession-indi-frm-the-peak-to-the-pd-prcdng-the-trough
    Explore at:
    Dataset updated
    Mar 24, 2025
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Mar 13, 2025 - Mar 24, 2025
    Area covered
    United States
    Description

    United States NBER based Recession Indi frm the Peak to the Pd Prcdng the Trough data was reported at 0.000 Unit in 14 May 2025. This stayed constant from the previous number of 0.000 Unit for 13 May 2025. United States NBER based Recession Indi frm the Peak to the Pd Prcdng the Trough data is updated daily, averaging 0.000 Unit from Dec 1854 (Median) to 14 May 2025, with 62256 observations. The data reached an all-time high of 1.000 Unit in 31 Mar 2020 and a record low of 0.000 Unit in 14 May 2025. United States NBER based Recession Indi frm the Peak to the Pd Prcdng the Trough data remains active status in CEIC and is reported by Federal Reserve Bank of St. Louis. The data is categorized under Global Database’s United States – Table US.S: NBER-Based Recession Indicators.

  17. United States Recession Prob: Yield Curve: Spread

    • ceicdata.com
    Updated Nov 27, 2021
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2021). United States Recession Prob: Yield Curve: Spread [Dataset]. https://www.ceicdata.com/en/united-states/recession-probability/recession-prob-yield-curve-spread
    Explore at:
    Dataset updated
    Nov 27, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Apr 1, 2017 - Mar 1, 2018
    Area covered
    United States
    Description

    United States Recession Prob: Yield Curve: Spread data was reported at 0.856 % in Oct 2018. This records an increase from the previous number of 0.829 % for Sep 2018. United States Recession Prob: Yield Curve: Spread data is updated monthly, averaging 1.413 % from Jan 1959 (Median) to Oct 2018, with 718 observations. The data reached an all-time high of 4.146 % in Sep 1982 and a record low of -3.505 % in Dec 1980. United States Recession Prob: Yield Curve: Spread data remains active status in CEIC and is reported by Federal Reserve Bank of New York. The data is categorized under Global Database’s United States – Table US.S021: Recession Probability.

  18. o

    Replication data for: Trade and the Global Recession

    • openicpsr.org
    Updated Oct 11, 2019
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    Jonathan Eaton; Samuel Kortum; Brent Neiman; John Romalis (2019). Replication data for: Trade and the Global Recession [Dataset]. http://doi.org/10.3886/E112860V1
    Explore at:
    Dataset updated
    Oct 11, 2019
    Dataset provided by
    American Economic Association
    Authors
    Jonathan Eaton; Samuel Kortum; Brent Neiman; John Romalis
    Description

    We develop a dynamic multicountry general equilibrium model to investigate forces acting on the global economy during the Great Recession and ensuing recovery. Our multisector framework accounts completely for countries' trade, investment, production, and GDPs in terms of different sets of shocks. Applying the model to 21 countries, we investigate the 29 percent drop in world trade in manufactures during the period 2008-2009. A shift in final spending away from tradable sectors, largely caused by declines in durables investment efficiency, accounts for most of the collapse in trade relative to GDP. Shocks to trade frictions, productivity, and demand play minor roles.

  19. European Union Probability of Recession: Euro Area

    • ceicdata.com
    Updated Jun 27, 2024
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    CEICdata.com (2024). European Union Probability of Recession: Euro Area [Dataset]. https://www.ceicdata.com/en/european-union/probability-of-recession-euro-area
    Explore at:
    Dataset updated
    Jun 27, 2024
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2024 - Jan 1, 2025
    Area covered
    European Union
    Description

    Probability of Recession: Euro Area data was reported at 1.506 % in Mar 2025. This records a decrease from the previous number of 1.828 % for Feb 2025. Probability of Recession: Euro Area data is updated monthly, averaging 5.278 % from Jan 1996 (Median) to Mar 2025, with 351 observations. The data reached an all-time high of 70.141 % in Mar 2009 and a record low of 0.016 % in Jul 2021. Probability of Recession: Euro Area data remains active status in CEIC and is reported by CEIC Data. The data is categorized under World Trend Plus’s CEIC Leading Indicator – Table EU.S002: Probability of Recession: Euro Area.

  20. F

    Dates of U.S. recessions as inferred by GDP-based recession indicator

    • fred.stlouisfed.org
    json
    Updated Apr 30, 2025
    + more versions
    Share
    FacebookFacebook
    TwitterTwitter
    Email
    Click to copy link
    Link copied
    Close
    Cite
    (2025). Dates of U.S. recessions as inferred by GDP-based recession indicator [Dataset]. https://fred.stlouisfed.org/series/JHDUSRGDPBR
    Explore at:
    jsonAvailable download formats
    Dataset updated
    Apr 30, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Description

    Graph and download economic data for Dates of U.S. recessions as inferred by GDP-based recession indicator (JHDUSRGDPBR) from Q4 1967 to Q4 2024 about recession indicators, GDP, and USA.

Share
FacebookFacebook
TwitterTwitter
Email
Click to copy link
Link copied
Close
Cite
Statista (2024). Great Recession: global gross domestic product (GDP) growth from 2007 to 2011 [Dataset]. https://www.statista.com/statistics/1347029/great-recession-global-gdp-growth/
Organization logo

Great Recession: global gross domestic product (GDP) growth from 2007 to 2011

Explore at:
2 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Sep 2, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Time period covered
2007 - 2011
Area covered
Worldwide
Description

From the Summer of 2007 until the end of 2009 (at least), the world was gripped by a series of economic crises commonly known as the Global Financial Crisis (2007-2008) and the Great Recession (2008-2009). The financial crisis was triggered by the collapse of the U.S. housing market, which caused panic on Wall Street, the center of global finance in New York. Due to the outsized nature of the U.S. economy compared to other countries and particularly the centrality of U.S. finance for the world economy, the crisis spread quickly to other countries, affecting most regions across the globe. By 2009, global GDP growth was in negative territory, with international credit markets frozen, international trade contracting, and tens of millions of workers being made unemployed.

Global similarities, global differences

Since the 1980s, the world economy had entered a period of integration and globalization. This process particularly accelerated after the collapse of the Soviet Union ended the Cold War (1947-1991). This was the period of the 'Washington Consensus', whereby the U.S. and international institutions such as the World Bank and IMF promoted policies of economic liberalization across the globe. This increasing interdependence and openness to the global economy meant that when the crisis hit in 2007, many countries experienced the same issues. This is particularly evident in the synchronization of the recessions in the most advanced economies of the G7. Nevertheless, the aggregate global GDP number masks the important regional differences which occurred during the recession. While the more advanced economies of North America, Western Europe, and Japan were all hit hard, along with countries who are reliant on them for trade or finance, large emerging economies such as India and China bucked this trend. In particular, China's huge fiscal stimulus in 2008-2009 likely did much to prevent the global economy from sliding further into a depression. In 2009, while the United States' GDP sank to -2.6 percent, China's GDP, as reported by national authorities, was almost 10 percent.

Search
Clear search
Close search
Google apps
Main menu