Between the first quarter of 2018 and the first quarter of 2022, the relative probability of recession in G7 economies was the highest in the first quarter of 2020, as a result of the COVID-19 pandemic. The risk of recession started to increase again in the first quarter of 2022, due to the escalation of the conflict between Russia and Ukraine.
Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022
Canada, France, Germany, Italy, Japan, United Kingdom, United States
Survey time period
Q1 2018 to Q1 2022
Supplementary notes
The source adds the following information: "Relative probability of recession in G7 economies indicates ratio of current probability to normal-times probability of a new recession."
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IMF. (July 25, 2022). Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022 [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1332258/recession-risk-g7-economies/
IMF. "Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022." Chart. July 25, 2022. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1332258/recession-risk-g7-economies/
IMF. (2022). Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1332258/recession-risk-g7-economies/
IMF. "Relative Risk of Recession in G7 Economies from 1st Quarter 2018 to 1st Quarter 2022." Statista, Statista Inc., 25 Jul 2022, https://www.statista.com/statistics/1332258/recession-risk-g7-economies/
IMF, Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022 Statista, https://www.statista.com/statistics/1332258/recession-risk-g7-economies/ (last visited December 30, 2024)
Relative risk of recession in G7 economies from 1st quarter 2018 to 1st quarter 2022 [Graph], IMF, July 25, 2022. [Online]. Available: https://www.statista.com/statistics/1332258/recession-risk-g7-economies/
