A new book from the IMF looking at the causes and consequences of global recessions and economic recoveries. Authors Ayhan Kose and Marco Terrones explore the last four global recessions and look at the fallout from the devastating 2007-8 worldwide financial crisis. Through text, charts, and multimedia interviews and features, they examine the deep human pain and enduring repercussions of these dramatic economic downturns.
See the companion website with author interviews and multimedia content
Tools—such as interactive timelines and videos—help readers understand the complex underlying issues that make recessions such destabilizing events and have such widespread repercussions.
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