The Growing Threat of Global Recession
With luck, the risk of a synchronized global downturn will recede by late 2022. But for the moment, the odds of recession in Europe, the United States, and China are significant and increasing, and a collapse in one region will raise the odds of collapse in the others.
CAMBRIDGE – Is the global economy flying into a perfect storm, with Europe, China, and the United States all entering downturns at the same time later this year? The risks of a global recession trifecta are rising by the day.