{"name":"Global Recession","symbol":"DOWN","description":"A global recession is an extended period of economic decline around the world. A global recession involves more or less synchronized recessions across many national economies, as trade relations and international financial systems transmit economic shocks and the impact of recession from one country to another.\r\n\r\nThe Sahm Rule recession indicator surged to 0.53 in July from 0.43, suggesting the US economy is in a recession.\r\n\r\nThe Sahm Rule signals a downturn once the unemployment rate increases 0.5 percentage points above its previous 12-month low.\r\n\r\nAfter the unemployment rate jumped to 4.3% in July from 4.1% in June, the Rule has been triggered.\r\n\r\nOver the last 65 years, there has not been a single occurrence where this indicator provided a false signal.\r\n\r\nAlso, every time the threshold has been breached, the unemployment rate surge accelerated.\r\n","image":"https://cdn.dexscreener.com/cms/images/yDqCzqbIkZTu8CVo","websites":[{"url":"https://economictimes.indiatimes.com/news/international/us/u-s-heading-for-a-recession-here-are-all-the-key-indicators-that-point-towards-it/articleshow/112240623.cms?from=mdr","label":"Website"}],"socials":[{"url":"https://twitter.com/KobeissiLetter/status/1819753746202546478","type":"twitter"}]}