Climate-driven forest mortality events have been extensively observed in recent decades, prompting the question of how quickly these affected forests can recover their functionality following such events. Here we assessed forest recovery in vegetation greenness (normalized difference vegetation index) and canopy water content (normalized difference infrared index) for 1,699 well-documented forest mortality events across 1,600 sites worldwide. By analysing 158,427 Landsat surface reflectance images sampled from these sites, we provided a global assessment on the time required for impacted forests to return to their pre-mortality state (recovery time). Our findings reveal a consistent decline in global forest recovery rate over the past decades indicated by both greenness and canopy water content. This decline is particularly noticeable since the 1990s. Further analysis on underlying mechanisms suggests that this reduction in global forest recovery rates is primarily associated with rising temperatures and increased water scarcity, while the escalation in the severity of forest mortality contributes only partially to this reduction. Moreover, our global-scale analysis reveals that the recovery of forest canopy water content lags significantly behind that of vegetation greenness, implying that vegetation indices based solely on greenness can overestimate post-mortality recovery rates globally. Our findings underscore the increasing vulnerability of forest ecosystems to future warming and water insufficiency, accentuating the need to prioritize forest conservation and restoration as an integral component of efforts to mitigate climate change impacts.