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The phrase "world recession" is correct and commonly used in written English.
It refers to a global economic downturn, in which multiple countries experience a decrease in economic growth and an increase in unemployment. You can use "world recession" when discussing current or past economic conditions on a global scale. For example: - "The COVID-19 pandemic has caused a world recession, with many countries facing negative economic growth and job losses." - "In 2008, the world experienced one of the worst recessions in history, with a significant impact on the global economy."
Exact(60)
Both have been hurt by world recession.
Would that bring on a new world recession?
For the first time in Brazilian history, there was a world recession without a Brazilian recession.
A world recession is possible this year, but surely not a depression.
With the world recession, the mask is coming off, and Greece's politicians face a dilemma.
(This is why growth of 2% or less is generally considered to be a world recession).
The political conflict has aggravated the impact of world recession on an already poverty-stricken economy.
Against the background of a world recession, the result was a sharp rise in unemployment.
There are people around the world who suffered in the resulting world recession.
In 2009 Belarus achieved mixed economic results as it struggled to deal with the world recession.
The threat of world recession, plus Italy's economic fragility, has brought even him down to earth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com