469 economic downturns have occurred worldwide since 1988.
![](https://static.wixstatic.com/media/45eb90_3cba5f6cd2f9460d96c7ab6776259a03~mv2.png/v1/fill/w_69,h_45,al_c,q_85,usm_0.66_1.00_0.01,blur_2,enc_auto/45eb90_3cba5f6cd2f9460d96c7ab6776259a03~mv2.png)
469 economic downturns have occurred worldwide since 1988.
4 were predicted by IMF economists more than four months before they began.
Source: Harper's Index July 2019; Fathom Consulting (London).