Is global recession inevitable? What 4 economists think

  • Atahualpa Amerise
  • BBC News World

Credit, Getty Images

More and more economists see the onset of a global recession as imminent.

The profusion of economic stimulus during the pandemic, supply chain bottlenecks stemming from restrictions in China and Russia’s invasion of Ukraine, among other factors, have driven global inflation to levels not seen in decades.

To contain it, central banks raise interest rates, while equity markets react with prolonged declines, reflecting investors’ low faith in what lies ahead.

And what awaits us is, according to several experts, a recession: a depression in economic activities that translates into a drop in GDP (Gross Domestic Product, sum of goods and services).