recession

The nation’s most painful sacrifices were absorbed by his Democratic predecessors—in Obama’s case, that was the agonizingly slow recovery from the Great Recession that began under George W. Bush, and in Biden’s it was the pandemic-era round of inflation that struck every single country on the planet.

Previously a prosperous city, Coventry had been hit "particularly hard" by the recession, said Dr Nirmal Puwar, of Goldsmiths University in London.

Mexico’s economy — driven almost exclusively by trade, with more than 80% of exports sent north of the border — is already on the brink of recession after years of sluggish growth, said Moreno-Brid.

In a sign of the times, one popular podcaster talking about the painful recession gripping Hollywood recently declared, “L.A. is a much-better-weather version of Detroit right now.”

Japan has slipped in and out of recession, while Europe is plagued by weak growth.