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On the brink of Global Recession

By RecessionALERT on October 31, 2012 in Reflections

The Global Economy is on the brink of a recession with 58% of 29 OECD countries experiencing business cycle contractions. The chart below shows OECD defined global contractions (grey shaded areas) together with the percentage of 29 OECD member countries experiencing slowdowns. It is evident that whenever 50% or more of countries enter contraction (red dotted line) that the odds of global recession are very high. The blue lines show NBER recessions for the U.S and we see that whilst […]

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