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Is the US economy in a recession and taking the world with it? - The US is facing rising recession fears as the Federal Reserve remains bullish in fighting high inflation wrote my esteemed colleague Radmilla Suleymanova for Al-Jazeera and her article gives great reasoning why this could indeed be the case.
For sure a global recession of gargantuan proportions is on the horizon "the like of which we haven't even come close to" and is looming nearer at warp speed - but is Uncle Sam the catalyst, probably, but there have also been seismic and somewhat extenuating Geopolitical challenges in the last five years alone.
There have been so many but just take across section Covid - the cost of which was estimated by the IMF (International Monetary Fund) back in January this year as "rising beyond $12.5 Trillion" I am not even going to try and calculate that to Euro's for my audience as I don't have a calculator that can handle the figure.
Add to that a meltdown of the worlds climate with horrific fires devastating parts of central Europe alone - Proof if it were needed that we have entered a "climate crisis" we are a long way from "global warming" Learn More - Register Free to receive our full analysis direct to your inbox or smart device.
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