Re:Why a global recession is inevitable in 2023
by simonh on Sunday January 01, 2023 @12:19PM
(#34208301)
> Inflation is the sign of a booming economy.
Or it can be an economy that’s fiscally out of control, or it can be a deeply unproductive economy. There are many possible causes, some of which can be simultaneous. Plenty of countries have had massive inflation without in any way booming.
If you read the article, you’ll find that all the factors you mention are discussed.
> The Economist runs headlines like "Are Recessions a Thing of the Past?
They ran that because some economists were making that claim. Their conclusion was that they aren’t.
Or it can be an economy that’s fiscally out of control, or it can be a deeply unproductive economy. There are many possible causes, some of which can be simultaneous. Plenty of countries have had massive inflation without in any way booming.
If you read the article, you’ll find that all the factors you mention are discussed.
> The Economist runs headlines like "Are Recessions a Thing of the Past?
They ran that because some economists were making that claim. Their conclusion was that they aren’t.