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Combating global economic crisis president obama said the single greatest threat to united states security was the global recession superior essay papers. Read this essay on global recession in an interconnected global economy recession and economic turbulence in one part of the world has the potential to. In your view, are we about to grow out of the recession or will it continue. A recession is a contraction phase of the business cycle theinternational monetary fund(imf) terms the global economic growth of 3 percent or less as equivalent to a.