Question

Hi, I’m really confused. anyone able to explain this? Thank you :)

(it’s an example from my geog textbook)

Answer 1

recession is when there is a decline in the economy and trade and industrial activity is lessened. It is global when this one recession affects other countries across th world. in the given example there was a recession in financial firms but since they were the worlds largest it affected multiple countries and caused their economies to shrink.

Step-by-step explanation:

I tried my best. I'm sorry if it wasn't of any help.