One-third of world economy entering into recession This Year - Worst Recession Ever
The International Monetary Fund is alerting that up to one-third of the worldwide economy remains in danger of an outright economic downturn in 2023, due to the fact that the 3 biggest economies, the U.S., EU and China, are all slowing down simultaneously. How To Prepare Yourself For A Recession Balance sheets are in the best shape in decades across households, companies and the banking system. Given current conditions, there are strong catalysts for corporate capital expenditure. 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. All of them have been featured in ...