One-third of world economy entering into recession This Year - 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, due to the fact that the 3 most significant economies, the U.S., EU and China, are all slowing down simultaneously. How To Prepare Yourself For A 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 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. For example, income inequality has been increasing. Additionally, there are signs that many people are building up credit card bills and having trouble paying down debts. Another reason to expect a long delay before monetary policy triggers recession is the excessive demand for labor relativ...