NBER based Recession Indicators for the United States from the Period following the Peak through the Trough was 0.00000 +1 or 0 in March of 2025, according to the United States Federal Reserve. Historically, NBER based Recession Indicators for the United States from the Period following the Peak through the Trough reached a record high of 1.00000 in December of 1854 and a record low of 0.00000 in February of 1887. Trading Economics provides the current actual value, an historical data chart and related indicators for NBER based Recession Indicators for the United States from the Period following the Peak through the Trough - last updated from the United States Federal Reserve on March of 2025.

Group of Seven (G7) - OECD based Recession Indicators for Major Seven Countries from the Peak through the Period preceding the Trough was 0.00000 +1 or 0 in August of 2021, according to the United States Federal Reserve. Historically, Group of Seven (G7) - OECD based Recession Indicators for Major Seven Countries from the Peak through the Period preceding the Trough reached a record high of 1.00000 in March of 1960 and a record low of 0.00000 in January of 1961. Trading Economics provides the current actual value, an historical data chart and related indicators for Group of Seven (G7) - OECD based Recession Indicators for Major Seven Countries from the Peak through the Period preceding the Trough - last updated from the United States Federal Reserve on March of 2025.

The United States recorded a Government Debt to GDP of 122.30 percent of the country's Gross Domestic Product in 2023. This dataset provides - United States Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Hong Kong expanded 0.80 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides - Hong Kong GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

NBER based Recession Indicators for the United States from the Peak through the Trough was 0.00000 +1 or 0 in February of 2022, according to the United States Federal Reserve. Historically, NBER based Recession Indicators for the United States from the Peak through the Trough reached a record high of 1.00000 in December of 1854 and a record low of 0.00000 in January of 1855. Trading Economics provides the current actual value, an historical data chart and related indicators for NBER based Recession Indicators for the United States from the Peak through the Trough - last updated from the United States Federal Reserve on March of 2025.

Households Debt in the United States decreased to 70.50 percent of GDP in the third quarter of 2024 from 70.70 percent of GDP in the second quarter of 2024. This dataset provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Germany contracted 0.20 percent in the fourth quarter of 2024 over the previous quarter. This dataset provides the latest reported value for - Germany GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The main stock market index in Japan (JP225) decreased 2147 points or 5.38% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Japan. Japan Stock Market Index (JP225) - values, historical data, forecasts and news - updated on March of 2025.

The USDRUB decreased 0.6990 or 0.83% to 83.9215 on Wednesday March 26 from 84.6205 in the previous trading session. Russian Ruble - values, historical data, forecasts and news - updated on March of 2025.

OECD based Recession Indicators for Russian Federation from the Peak through the Period preceding the Trough was 0.00000 +1 or 0 in May of 2021, according to the United States Federal Reserve. Historically, OECD based Recession Indicators for Russian Federation from the Peak through the Period preceding the Trough reached a record high of 1.00000 in March of 1995 and a record low of 0.00000 in October of 1996. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD based Recession Indicators for Russian Federation from the Peak through the Period preceding the Trough - last updated from the United States Federal Reserve on February of 2025.

The Gross Domestic Product (GDP) in Israel was worth 513.61 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Israel represents 0.49 percent of the world economy. This dataset provides - Israel GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

OECD based Recession Indicators for the OECD Total Area from the Peak through the Period preceding the Trough was 0.00000 +1 or 0 in August of 2021, according to the United States Federal Reserve. Historically, OECD based Recession Indicators for the OECD Total Area from the Peak through the Period preceding the Trough reached a record high of 1.00000 in March of 1960 and a record low of 0.00000 in February of 1961. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD based Recession Indicators for the OECD Total Area from the Peak through the Period preceding the Trough - last updated from the United States Federal Reserve on March of 2025.

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.

The Gross Domestic Product (GDP) in Italy expanded 0.60 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides the latest reported value for - Italy GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

OECD based Recession Indicators for the United States from the Peak through the Trough was 0.00000 +1 or 0 in September of 2022, according to the United States Federal Reserve. Historically, OECD based Recession Indicators for the United States from the Peak through the Trough reached a record high of 1.00000 in March of 1947 and a record low of 0.00000 in November of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD based Recession Indicators for the United States from the Peak through the Trough - last updated from the United States Federal Reserve on March of 2025.

United States - OECD based Recession Indicators for OECD Europe from the Peak through the Period preceding the Trough was 0.00000 +1 or 0 in September of 2021, according to the United States Federal Reserve. Historically, United States - OECD based Recession Indicators for OECD Europe from the Peak through the Period preceding the Trough reached a record high of 1.00000 in May of 1962 and a record low of 0.00000 in March of 1960. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - OECD based Recession Indicators for OECD Europe from the Peak through the Period preceding the Trough - last updated from the United States Federal Reserve on March of 2025.

Inflation Rate in Sri Lanka decreased to -4.20 percent in February from -4 percent in January of 2025. This dataset provides - Sri Lanka Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

OECD + Non-member Economies - OECD based Recession Indicators for OECD and Non-member Economies from the Peak through the Period preceding the Trough was 0.00000 +1 or 0 in September of 2021, according to the United States Federal Reserve. Historically, OECD + Non-member Economies - OECD based Recession Indicators for OECD and Non-member Economies from the Peak through the Period preceding the Trough reached a record high of 1.00000 in March of 1960 and a record low of 0.00000 in February of 1961. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD + Non-member Economies - OECD based Recession Indicators for OECD and Non-member Economies from the Peak through the Period preceding the Trough - last updated from the United States Federal Reserve on March of 2025.

OECD based Recession Indicators for NAFTA Area from the Peak through the Trough was 0.00000 +1 or 0 in August of 2021, according to the United States Federal Reserve. Historically, OECD based Recession Indicators for NAFTA Area from the Peak through the Trough reached a record high of 1.00000 in April of 1947 and a record low of 0.00000 in November of 1949. Trading Economics provides the current actual value, an historical data chart and related indicators for OECD based Recession Indicators for NAFTA Area from the Peak through the Trough - last updated from the United States Federal Reserve on March of 2025.

The Gross Domestic Product (GDP) in Taiwan expanded 2.90 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Taiwan GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.