One-third of world economy entering into economic downturn in 2023 - Worst Recession Ever
The International Monetary Fund is warning that up to one-third of the worldwide economy remains in risk of a straight-out recession in 2023, since the 3 greatest economies, the U.S., EU and China, are all slowing down all at once. A Recession Is Coming Soon, Ceos And Economists Warn Here's Why They're Gloomy The banks, companies, and households with balance sheets are in the most pristine shape in decades. Moreover, catalysts for corporate capital spending appear strong, given current There are many needs in the areas of energy infrastructure, automation, national defense that aren't directly tied to the Fed’s actions or the business cycle. For example, income inequality is increasing. There are also new signs that many people are building credit card balances and having difficulty paying off their debts. Another reason to expect delays in monetary policy triggering a recession, is the excess labor demand relative to the number people who are unemployed. All of these were...