Skip to main content

How will the coming recession compare to the past?

The impending global recession will see sluggish growth or outright contractions in GDP in most major economies, with Europe faring the worst. Accounting for changes in trend growth over time, we think that the depth of the global downturns in the 1990s are most comparable to the current situation. We are forecasting a relatively swift global recovery, but the risks are skewed toward a more protracted downturn.

Global Economics Drop-In (8th November): The global economy is heading for recession as tightening bites. Join this 20-minute online briefing to find out which economies will be hit hardest, the outlook for inflation and central bank actions, and the downside risks ahead. Register here.  

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services

Get access