One-third of world economy entering into economic crisis This Year - Worst Recession Ever
The International Monetary Fund is warning that as much as one-third of the global economy is in danger of a straight-out economic crisis in 2023, due to the fact that the 3 biggest economies, the U.S., EU and China, are all slowing down at the same time. How To Prepare For A Recession Companies, households, and the banking sector are in the best financial shape in decades. Given current circumstances, catalysts for corporate capital investment appear strong. Needs around energy infrastructure and automation are not directly related to the Fed’s actions. 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 good reason to expect a long time lag before monetary policy triggers a recession is the excess demand for labor relative to the number of unemployed people. All of these have been highlighted in headlines that describe the current state of logistics and supply cha