Will there be a global recession?
Photo: Twitter
It is difficult to predict with certainty whether there will be a global recession in the future. Economic conditions can be affected by a wide range of factors such as changes in government policies, natural disasters, pandemics, and events that can disrupt global supply chains, to name a few.
Copper prices (white) have risen sharply. That's the China reopening effect. What's notable is that this rise has NOT translated to oil prices (orange). That's global recession. Even with China reopening, our global growth forecast for 2023 is as weak as in the 2008/9 crisis... pic.twitter.com/FgzNk2cW8M
— Robin Brooks (@RobinBrooksIIF) January 25, 2023
It's worth noting that recessions are a normal part of the business cycle and economies do go through periods of growth and contraction. However, the timing, severity, and duration of recessions can vary. Some indicators that can signal a potential recession include high unemployment, low industrial production, and a decline in consumer spending.
They locked down the world, created a global recession, forcefully masked you, stole years of education from your children & stopped you from seeing your dying loved ones over a mild flu but now we have all these excess deaths and no one bats an eyelid.
— David Morgan 🏴 #StayFree (@david_r_morgan) January 21, 2023
Are you paying attention?
Additionally, there are other factors such as increasing national debt, trade tensions, and political instability that can also affect the economy and lead to a recession.
It's important to keep in mind that predictions about the economy can be uncertain, and it's always good to be prepared for different scenarios. It's advisable to keep an eye on economic indicators, and stay informed about the latest economic developments to be able to make more informed decisions about investments, savings, and spending.
Started my PhD with a pandemic, about to end it with a global recession. Is there a support group or something?
— Nirmal Roy (@_nirmalroy) January 20, 2023