But of the eight slowdowns, four ended up turning into recessions but the two most recent global soft patches of 2011-12 and 2015-16 did not.
SINGAPORE (Mar 25): The global economy may continue to slow down in the near term but the world will probably dodge a recession this year unless it is hit by big shocks or serious policy errors, says Oxford Economics.
Since 1980, Oxford Economics says there have been eight significant global slowdowns in which world growth has decelerated below its long-term average of 2.9%.
