The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year. War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around a growing, multifaceted economic crisis. In this episode, we will untangle the threads of the looming global recession. By comparing the current state of the global economy to the 2008 financial crisis, we will be exploring what makes this downturn different.
Chapters 00:00 Intro 01:19 What’s a recession 03:13 Recap of the 2008 crisis 04:47 Supply crisis 06:23 Inflation 08:49 Hiking interest rates 10:58 Strong labour market 13:15 China’s Zero Covid policy 17:43 Countries bucking the trend 20:06 Conclusion
