Financial Management Report: Global Recession Analysis and Impacts

This report focuses on the global recession, providing a comprehensive analysis of its causes and impacts. It begins by defining a recession and explaining the concept of a global recession, including how it is measured and the current economic climate, with specific reference to the United States. The report discusses the impacts of a global recession, such as stagflationary effects, increased prices of imported goods, and the impacts of trade wars. The report also explores the potential causes of a global recession, including financial crises, trade wars, technology wars, and oil supply issues. Finally, the report considers how governments typically address recessions through expansionary plans, including increasing the money supply, expanding infrastructure projects, and cutting taxes to stimulate economic growth. The report uses sources from the World Economic Forum and academic journals to support its claims.