The entire world could be feeling the effect of an impending recession in a country, something that is already raising alarms across worldwide stock markets. China, one of the most powerful countries in terms of international trade, is feeling the effect of recession fears, and could end up falling short of its economic targets. Jobless rate increase biggest recession indicator The jobless rate sharply increased in China, with the current figure being the highest in the last six months, as per a Bloomberg report. Moreover, factory output and investment also showed major risks in the Chinese economy, which could extend its wings to other parts of the world as well, leading to major economic concerns across the world.