BRIC'S isn't helping matters. According to some analysis, the United States and other regions of Europe may have a recession in 2023. Because china and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per Capita GDP, is more uncommon. Fundamentally, if economic growth lag's behind population growth, the global economy is said to be in recession.
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BRIC'S isn't helping matters. According to some analysis, the United States and other regions of Europe may have a recession in 2023. Because china and emerging countries frequently grow faster than more developed economies, a global recession, which is defined as a decline in annual global per Capita GDP, is more uncommon. Fundamentally, if economic growth lag's behind population growth, the global economy is said to be in recession.