what do you mean by recession in global market?

Recession in Global market is nothing but a correction phase where all organisations need to shade their skin, this can be an outcome of wrong policies adopted by government, and regulators.

What goes up has to come down - Sir Isaac Newton: The Universal Law of Gravitation

I treat the recession as a begining of new era for Hardworking people as there are lot of opportunities for the talented people to climb up +2 possition

According to meaAn economy which grows over a period of time tends to slow down the growth as a part of the normal economic cycle. An economy typically expands for 6-10 years and tends to go into a recession for about six months to 2 years.  A recession normally takes place when consumers lose confidence in the growth of the economy and spend less.  This leads to a decreased demand for goods and services, which in turn leads to a decrease in production, lay-offs and a sharp rise in unemployment.  Investors spend less as they fear stocks values will fall and thus stock markets fall on negative sentiment.

The economy and the stock market are closely related in this matter. The stock markets reflect the buoyancy of the economy.  The Indian stock markets also crashed due to a slowdown in the US economy.  The Sensex crashed by nearly 13 per cent in just two trading sessions in January. The markets bounced back after the US Fed cut interest rates. However, stock prices are now at a low in India with little cheer coming to investors.