One-third of world economy going into economic crisis in 2023 - Worst Recession Ever
The International Monetary Fund is alerting that up to one-third of the global economy is in threat of an outright economic downturn in 2023, because the three most significant economies, the U.S., EU and China, are all slowing down concurrently. Ceos, Economists And Others Warn That A Severe Recession Is Imminent Companies, households, and the banking sector are in the best financial shape in decades. Given current economic conditions, it seems that there are strong catalysts to increase corporate capital spending. 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. 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...
