Machine Learning Based Recession Prediction Analysis Using Gross Domestic Product (GDP)

This research article aims to explore the prediction and analysis of recessions, with a particular focus on Gross Domestic Product (GDP). The study examines the impact of recessions on different countries, namely India, USA, Germany, China, and Bangladesh, while also considering the influence of the COVID-19 pandemic on these nations in relation to the recessionary effects. Furthermore, the study lists many machine learning techniques that could be used to anticipate recessions. This research mainly focuses on predicting recession using different machine learning models. The research not only provides an in-depth analysis of the recessionary impacts on different economies but also serves as a foundation for future implementation of these algorithms for accurate recession prediction and proactive economic decision-making. This research study mainly focuses on machine learning algorithms like Random Forest, Support Vector Machines and Regression Model. The GDP prediction comparison is taking last twenty years data. This is mainly compared before and after COVID-19 situation.