中英文文本 ECON财经-What Is A Recession?什么是经济衰退? The last time there was a global r...
Under this principle, economies at different stages of development will reinforce bilateral or multilateral communication, jointly identify and establish innovative cooperation mechanisms, and provide a platform for dialogue, cooperation and participation in global governance. 共建“一带一路”坚持共建原则,不...
the central bank and most government officials were telling the public that inflation was “transitory.” Suddenly in the past few months this has changed and now even Janet Yellen has admitted that she was“wrong” on inflation. This is a misd...
To be honest, there is no real rock-solid formula in terms of determining whether or not we are in a recession and for how long it has lasted. If there was a rock-solid formula, we wouldn't need the National Bureau of Economic Research to tell us that we are in a recession and th...
In that scenario, higher inflation will lead to higher policy rates, widening risk spreads and, ultimately, sharp falls in equity prices, triggering a global recession in 2020 – something we have been calling for in our central case for six months (and had Please login to view this content...
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The Iran and Volcker Recession (January 1980 – July 1980)In 1980, a different oil crisis led to a global recession. This time, the Iranian Revolution of 1978 led to a significant decrease in oil production, which caused a significant slowdown in industrial activity and high inflation. Paul ...
In this McKinsey Explainer, we look at what a recession is, their impact on the global economy, and what can be done to mitigate their impact.
"If they raise the projected terminal rate of this hiking cycle from around 3 percent to more than 4 percent, that indicates that they may need a recession to bring down inflation," PIIE President Adam Posen recently told Xinhua. The U.S. economy will tip into a recession next year, acco...
Even if the U.S. economy could avoid a recession, growth would be meager. The International Monetary Fund expects the U.S. economy to grow by 1 percent this year. The World Economic Situation and Prospects for 2023 released by the United Nations predicts the rate to be 0.4 percent. ...