Western Economic Crisis of 2026

2026 Western Economic Crisis
Historical Event
A homeless man on an abandoned city block in Brooklyn during the Western Economic Crisis in 2027
Event Summary
Date	2 Mar 2026 - 21 Oct 2029
Location	United States United Kingdom European Union Canada
Job Losses	49,232,104 (estimated)
Capital Loss	$9.2 trillion (estimated)
Outcomes	Rise of China as the world's number one economy Rise of autocratic regimes US sovereign debt default Fall of the dollar as the world's reserve currency IMF bailout of the US, UK, Canada and EU Collapse of Wells Fargo Great Southern Famine 2027 UK Homelessness Crisis Third impeachment of President Donald J. Trump Rise to power of the Reform Party in the United Kingdom Exit of Poland and Bulgaria from the European Union

The Western Economic Crisis of 2026 was a severe economic and financial crisis that affected most of North America and Europe during the late 2020s. The crisis began in the United States in March 2026 before spreading to several other countries with a ripple effect, raising fears of a worldwide economic meltdown due to financial contagion. In the period between 1 January 2026 to 1 January 2028, the United States, United Kingdom, Canada, Republic of Ireland, Mexico, Argentina, Switzerland and the European Union all fell into recession.