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American Recession

Not long ago recessions seemed to strike America roughly once a decade. But only two years after the first lockdowns, the business cycle is turning at a sickening speed and another one already seems to be on its way. America’s next recession will almost certainly be milder and more pedestrian. But because the world economy, asset markets and America’s politics are all fragile, it may yet have nasty and unpredictable consequences . There is no escaping the squeeze ahead for America’s economy. Surging food and petrol prices are eating into people’s spending. DO you think that Russia-Ukraine war is contributing greatly to the recession ?

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