Consumers all over the world are cutting back on spending. Shrinking paychecks and rising costs of living are sparking social unrest and strikes.

“The World Is On The Brink Of A Rather Severe Recession”: Goldman

The report’s bottom-line according to Goldman’s Chris Hussey: some of what we are seeing today — economic overheating and large increases in rates — suggests that the world could be on the brink of a rather severe recession.” That said, the bank highlights several other aspects of the current environment which provide a buffer against a notable turndown in activity.

We are primarily funded by readers. Please subscribe and donate to support us!


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.