One-third of world economy going into economic downturn in 2023 -
The International Monetary Fund is warning that up to one-third of the global economy is in risk of a straight-out recession in 2023, due to the fact that the three greatest economies, the U.S., EU and China, are all decreasing concurrently. Economic Ceos And Economists Warn Of A Coming Recession Balance sheets are in the best shape in decades across households, companies and the banking system. Given current economic conditions, the catalysts for corporate capital spend appear strong. These needs are not directly connected to the Fed's actions nor the business cycle. For example, income inequality has been increasing. Additionally, there are signs that many people are building up credit card bills and having trouble paying down debts. Another reason to expect a long delay before monetary policy triggers recession is the excessive demand for labor relative the number of people unemployed. The Fed's rate increase should eventually bring down costs. But in the meantime, consumers