世界 せかい てき不況 ふきょうじゃありませんでした
sekaite ki fukyōjārimasendeshita

Noun
Desu Copula

The polite, past negative form of 世界的不況

1. It wasn't the global recession.; It wasn't a global downturn.

Past/Perfective
Negative
Polite
Terminal Form