Emerging Trends of Global Recession in Economic Stability

Abstract

Global recession, as the name suggests, affects the entire globe.. A recession marks a severe decline in economic activities, leading to financial turmoil in an economy. Therefore, if affected by the recession, any strong economy with trade relations and other connections with other nations will likely impact the connected economies gradually. When it extends for a longer period, it affects other countries due to the trade connections they share worldwide. In addition, the internationally-controlled financial systems also affect the global players as and when they come in contact with each other during the recession. This paper highlights the  global recession, effects, impacts, transmission of the crisis to the Indian Economy, economic stability.