3 years ago

When the economy of large wealthy nations do poorly this can cause what to happen all over the world

History

1 answer:

miv72 [106K]3 years ago

8 0

Answer:

Global recession.

Explanation:

Global recession is a period of economic decline in which industrial and trade activity decreased which is as a result of fall in Gross domestic product of nations.

The International Monetary Fund defines a global recession as "a decline in annual per‑capita real World GDP . This happens because wealthy nations sometimes control the economy of the countries of the world through trade, once they do poorly global recession can set in.

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