One-third of world economy going into economic downturn This Year - Huge Economic Crash
The International Monetary Fund is warning that up to one-third of the international economy is in threat of an outright economic crisis in 2023, due to the fact that the three greatest economies, the U.S., EU and China, are all slowing down simultaneously. Economic Ceos And Economists Warn Of A Coming Recession In comparison to previous decades, balance sheets across households, businesses and the banking system are in the best shape they have been in for many years. Given current economic conditions, the catalysts for corporate capital spend appear strong. These needs are not directly connected to the Fed's actions nor the business cycle. Income inequality has been widening, for example, and there are fresh signs that many people are running up credit card balances and having trouble paying off debts. Another reason to expect long delays before monetary policy triggers the recession is the surplus demand for labor relative and the number unemployed. All of these were featured in ...