Greater Recession (Excelsior)

The Greater Recession was a timeframe of economic decline within world markets, starting in 2019 and ending in the early 2020s. It is denoted as the Greater Recession, due to being longer and more affective than the Great Recession, but not as bad as the Great Depression was. Worldwide GDP would fall by 2.6%, compared to the Great Depression's 15% and Great Recession's 1%.

Q4 2019

 * India enters into a recession
 * November: Hong Kong enters into a recession

Q1 2021

 * January: The United States enters into a recession after nearly half a decade of speculation.