internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off … the crisis, advanced economies felt the brunt of the recession. The subsequent expansion has been the weakest in the post … emerging market and developing economies weathered the 2009 global recession relatively well and delivered a stronger recovery …

recession. This paper relies on insights gleaned from previous global recessions to analyze the recent evolution of economic …, every global recession since 1970 was preceded by a significant weakening of global growth in the previous year, as has … additional tightening needed could cause significant financial stress and increase the likelihood of a global recession next year …