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Global Economic Recession as a Major Risk Beyond Business Insights and Economies

Author

Listed:
  • Benabed Anis

    (1 Bucharest University of Economic Studies, Bucharest, Romania ; Scientific Researcher, Doctoral School of Economics and International Business)

  • Bulgaru Andrei

    (2 Bucharest University of Economic Studies, Bucharest, Romania ; Doctoral School of Economics and International Business)

Abstract

Global economic growth prospects are facing ups and downs, the rise of interest rates to contain inflation, especially after the lingering effects of the pandemic and supply chain disruptions, recession and geopolitical tensions are obstacles for the world economy. The research question is what are the reasons for the recent global economic recession and what challenges could have on business and markets? As a methodology of research, we focused on a literature review of the existing literature and data analysis. Various economic recessions could happen from time to time and several have happened throughout history affecting the financial levels of businesses and profits. The economy bases as well on the degree of production, services, goods, consumer confidence and market trends. So, the stability of companies and countries depend a lot on these things.

Suggested Citation

  • Benabed Anis & Bulgaru Andrei, 2023. "Global Economic Recession as a Major Risk Beyond Business Insights and Economies," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 17(1), pages 221-225, July.
    • Handle: RePEc:vrs:poicbe:v:17:y:2023:i:1:p:221-225:n:13
    DOI: 10.2478/picbe-2023-0024
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