https://www.weforum.org/publications/global-risks-report-2023/in-full/1-global-risks-2023-today-s-crisis/
Even if the economic fallout remains comparatively contained, global growth is forecast to slow to 2.7% in 2023, with around one-third of the world's economy facing a technical recession - the third-weakest growth profile in over 20 years. 18 This downturn will be led by advanced markets, with projected growth falling to 1.1% in 2023, while

https://news.un.org/en/story/2022/07/1123342
The World Economic Outlook Update July 2022: Gloomy and More Uncertain, highlights the significant consequences of the stalling of the world's three main economic powerhouses - the United States, China and the major European economies. The world may soon be teetering on the edge of a global recession - IMF economist "The outlook has darkened significantly since April," said Pierre

https://www.brookings.edu/articles/ten-facts-about-covid-19-and-the-u-s-economy/
Taken together, these facts describe a joint economic and public health crisis of a scale and at a speed unprecedented in the history of the United States. Fact 1: Small business revenue is down

https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html
Buyers were scarce. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis. The Fed called an emergency meeting on March 15, a Sunday. Lorie Logan, who

https://www.imf.org/en/Publications/WEO/Issues/2022/10/11/world-economic-outlook-october-2022
Global economic activity is experiencing a broad-based and sharper-than-expected slowdown, with inflation higher than seen in several decades. The cost-of-living crisis, tightening financial conditions in most regions, Russia's invasion of Ukraine, and the lingering COVID-19 pandemic all weigh heavily on the outlook. Global growth is forecast to slow from 6.0 percent in 2021 to 3.2 percent

https://news.un.org/en/story/2021/05/1091672
5) Countries need to do more to address the uneven impact of the COVID-19 crisis. There is an urgent need for countries to formulate better targeted and gender-sensitive policies to drive a more resilient and inclusive recovery from the crisis. Though on the frontlines of the pandemic, women have been under-represented in pandemic related

https://www.worldbank.org/en/publication/wdr2022/brief/chapter-1-introduction-the-economic-impacts-of-the-covid-19-crisis
WDR 2022 Chapter 1. Introduction. Chapter 1. The economic impacts of the COVID-19 crisis. The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries. Preliminary evidence suggests that

https://www.pbs.org/newshour/show/how-the-2008-financial-crisis-crashed-the-economy-and-changed-the-world
Ten years ago this week, the collapse of Lehman Brothers became the signal event of the 2008 financial crisis. Its effects and the recession that followed, on income, wealth, disparity and

https://www.worldbank.org/en/news/feature/2020/06/08/the-global-economic-outlook-during-the-covid-19-pandemic-a-changed-world
The June 2020 Global Economic Prospects describes both the immediate and near-term outlook for the impact of the pandemic and the long-term damage it has dealt to prospects for growth. The baseline forecast envisions a 5.2 percent contraction in global GDP in 2020, using market exchange rate weights—the deepest global recession in decades

https://marketbusinessnews.com/financial-glossary/economic-crisis/
An Economic Crisis is a situation in which a country's economy deteriorates significantly. We also call it a real economic crisis.In most cases, a financial crisis is the cause of an economic crisis. Typically preceded by a period of excessive debt accumulation and speculative investments, an economic crisis often manifests after such financial bubbles burst.

https://www.npr.org/2023/01/24/1150319679/recession-slowdown-inflation-interest-rates-jobs-employment-economy
The Fed was widely blamed for keeping rates too low in the lead-up to the 2008 Global Financial Crisis, for example. Meanwhile, Russia's invasion of Ukraine continues to weigh on the global economy.

https://www.imf.org/en/Publications/WEO/Issues/2020/06/24/WEOUpdateJune2020
A Crisis Like No Other, An Uncertain Recovery. Read full report PDF Download the Data. Global growth is projected at -4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than anticipated, and the

https://www.worldbank.org/en/publication/wdr2022
However, the government response also exacerbated a number of economic fragilities. World Development Report 2022: Finance for an Equitable Recovery examines the central role of finance in the economic recovery from the pandemic. It highlights the consequences of the crisis most likely to affect emerging economies, and advocates a set of

https://www.nytimes.com/2024/06/11/world/africa/nigeria-economy-strike.html
Nigeria is facing its worst economic crisis in decades, with skyrocketing inflation, a national currency in free-fall and millions of people struggling to buy food. Only two years ago Africa's

https://www.un.org/development/desa/dpad/publication/world-economic-situation-and-prospects-february-2021-briefing-no-146/
In 2020, world output shrank by 4.3 per cent, over three times more than during the global financial crisis of 2009. The modest recovery of 4.7 per cent, which is expected in 2021, would barely

https://www.nytimes.com/2021/11/15/upshot/pandemic-economic-response.html
It was the early 2010s. The global financial crisis had become the stuff of history books, and the recession it had caused was long over. But the United States economy was still haunted by a

https://en.wikipedia.org/wiki/List_of_economic_crises
Financial crisis and economic collapse. Currency crisis, hyperinflation and devaluation. Banking crisis, credit crunch, bank run. Savings and loan crisis. Balance of payments crisis. Depression (economics), recession, stagflation, jobless recovery. Economic bubble, stock market bubble and real estate bubble.

https://news.un.org/en/story/2022/01/1109702
The 2022 World Economic Situation and Prospects (WESP) report, produced by the UN Department of Economic and Social Affairs (DESA), cites a cocktail of problems that are slowing down the economy, namely new waves of COVID-19 infections, persistent labour market and lingering supply-chain challenges, and rising inflationary pressures.. The slowdown is expected to carry on into next year.

https://www.npr.org/sections/economy/
Planet Money. June 14, 2024 • Money makes the world go around, faster and faster all the time. At Planet Money, a multimedia team of reporters tracks down the economists, investors and regular

https://www.imf.org/en/News/Articles/2022/04/14/sp041422-curtain-raiser-sm2022
Spring Meetings 2022 Curtain Raiser: Facing Crisis Upon Crisis: How the World Can Respond, By Kristalina Georgieva, ... devastating for the Ukrainian economy, is sending shockwaves throughout the globe. Above all is the human tragedy—the suffering of ordinary men, women, and children in Ukraine, among them over 11 million displaced people

https://www.cnn.com/2024/06/14/investing/france-financial-crisis-elections/index.html
Investors are worried France could be facing a financial crisis if the political center collapses in upcoming parliamentary elections, leaving far-right populists in charge of the European Union

https://www.aljazeera.com/features/2024/6/20/fed-up-doctor-exodus-bleeds-sri-lankas-healthcare-after-economic-crisis
Lahiru Prabodha Gamage, a 35-year-old Sri Lankan doctor, at work in the UK, where he immigrated in 2023 amid an economic crisis at home. Nearly 10 percent of Sri Lanka's doctors have left the

https://www.telegraph.co.uk/business/2024/06/14/france-heading-for-financial-crisi-could-bring-down-euro/
France is heading for a financial crisis that could bring down the eurozone ... Meanwhile, its economy has stalled, with growth of only 0.2pc in the latest quarter, less than half the level in

https://www.npr.org/2024/06/17/nx-s1-5006129/global-migration-spikes-due-to-violence-climate-change-and-economic-mismanagement
Global migration spikes due to violence, climate change and economic mismanagement The Norwegian Refugee Council and UN say global migration has reached highest levels ever. One reason has to do

https://www.nytimes.com/2023/03/17/business/economy/economy-banks-recession.html
March 17, 2023. The U.S. economic recovery has repeatedly defied predictions of an impending recession, withstanding supply-chain backlogs, labor shortages, global conflicts and the fastest

https://news.un.org/en/story/2023/05/1136727
16 May 2023 Economic Development. Prospects for a robust global economic recovery remain dim as the lingering effects of the COVID-19 pandemic carry on, according to the UN's latest World Economic Situation and Prospects report, released on Tuesday. Risks of a prolonged period of low growth stand, amid stubborn inflation, rising interest

https://www.businessinsider.com/throwing-money-schemes-wont-solve-global-fertility-crisis-demography-experts-2024-6?op=1
The world is facing a fertility rate crisis, and experts warn that giving financial incentives to would-be parents isn't going to come close to solving it. A Lancet study forecasts that by 2100

https://www.bloomberg.com/news/features/2024-06-10/how-spain-greece-transformed-themselves-into-europe-s-economic-outperformers
An economy in ruins, business relationships in tatters, his country the butt of jokes. That was the Greece of 2012, the same year Moschos and his brother founded their family olive business.

https://www.ft.com/content/c21bb499-cb9e-4469-9738-20ff44485a6e
A deepening crisis in Colombia's healthcare system is pitting the South American country's leftist president Gustavo Petro against business leaders and opposition politicians who accuse him of

https://www.weforum.org/agenda/2024/06/world-refugee-day-helping-to-build-sustainable-livelihoods/
The world is faced with an ever-growing refugee crisis - made worse by climate change. Here's how the development sector can manage funding more effectively. ... In January 2023, the Alliance published "Enabling the Economic Integration of Refugees: Lessons learned on refugee employment and employability from the rapid response to Ukraine