noun
global recession; worldwide economic downturn
Refers to a period of economic decline affecting many countries simultaneously.
世界的不況の影響で、多くの企業が倒産した。
Many companies went bankrupt due to the global recession.
政府は世界的不況への対策を急いでいる。
The government is rushing to implement measures against the global recession.
Compound of 世界的 (global) + 不況 (recession).