Dr. Doom: Three Shocks Could Trigger A Global Recession

- Aug 28, 2019-

Dr. Doom: three shocks could trigger a global recession

  The global technology, manufacturing and industrial sectors have fallen into recession as companies in the us, Europe, China and elsewhere in Asia rein in capital spending.That is the only reason this has not yet become a global recession.If these negative supply shocks lead to further increases in the price of imported goods, then real household disposable income growth and consumer confidence will be hit, potentially pushing the global economy into recession.