As the world economy is falling into one of the biggest contractions of the last decades, a new study of economic recession patterns finds that the likelihood of a downturn was high even before the onset of the Coronavirus crisis.Recessions are business cycle contractions that happen when there is a general decline in economic activity. They may entail varying duration and intensity and could lead to substantial losses in terms of GDP, employment, household income, and investment spending. When a country falls into a recession, governments can employ multiple tools to recover, such as...…As the world economy is falling into one of the biggest contractions of the last decades, a new study of economic recession patterns finds that the likelihood of a downturn was high even before the onset of the Coronavirus crisis.Recessions are business cycle contractions that happen when there is a general decline in economic activity. They may entail varying duration and intensity and could lead to substantial losses in terms of GDP, employment, household income, and investment spending. When a country falls into a recession, governments can employ multiple tools to recover, such as...WW…