Meaning of the word "global economy" in English

What does "global economy" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

global economy

US /ˌɡloʊ.bəl ɪˈkɑː.nə.mi/
UK /ˌɡloʊ.bəl ɪˈkɑː.nə.mi/
"global economy" picture

Noun

1.

the worldwide economic system, including international trade, finance, and the interconnectedness of national economies

Example:
The rise of e-commerce has significantly impacted the global economy.
Fluctuations in oil prices can have a ripple effect across the entire global economy.
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