Amongst the multiple threats on the global economy atmosphere, fears are there showing the advent of an oncoming recession which is topping the worry list of the world’s leaders responsible for business and government globally.
The depression has its bigger sound before the recession. People are pessimistic also after Elon Musk stated recently that he thought the world is already in a recession. He says, the situation may worsen over the course of the next one and a half years.
The two-year hiatus due to the Covid-19 pandemic compelled the world’s top leaders to meet at the Swiss mountain village of Davos in the beginning of the November month. The weeklong agenda was to tackle global issues along with finding solutions to the challenge which is one of the world’s most threatening issues.
In fact, one opinion cannot display the real picture. Until the majority of the global financial experts say the same, a few such speculations cannot be taken for granted.
The fear of the economists say that it is too close now –just one year ahead of us. They say that a recession could occur in 2023. This might happen particularly if the Fed’s interest rate goes up stifle demand from people and businesses, or otherwise if the inflation strategy falls flat.
Also the opinion seems divided on this question. On one hand the economists warn of a recession, the bulls dismiss the fear calling it exaggeration.
