One-third of world economy entering into economic crisis in 2023 - Financial Disaster Coming
The International Monetary Fund is alerting that approximately one-third of the global economy is in risk of an outright recession in 2023, due to the fact that the 3 biggest economies, the U.S., EU and China, are all decreasing concurrently. Ceos, Economists And Others Warn That A Severe Recession Is Imminent The banks, companies, and households with balance sheets are in the most pristine shape in decades. Given current circumstances, catalysts for corporate capital investment appear strong. Not directly related to the Fed's actions, but needs around energy infrastructure, automation, and national defense Income inequality is growing, for example. There are new signs that many people are carrying large credit card balances, and having difficulty paying their 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. Eventually, the Fed's rate hikes should broadly ...