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Worldwide recession probabilities for 2023 according to Bloomberg. Interesting to see how BRICS and G7/EU are clustered. (lemmygrad.ml)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] [email protected] 22 points 1 year ago (2 children)

The image shows data from April.

In may Germany entered Recession: https://www.reuters.com/markets/europe/germany-enters-recession-2023-05-25/

While the G7/EU other countries may have mostly technically avoided recession, they have only done so barely so far.

[–] [email protected] 21 points 1 year ago (1 children)

I fully expect that all Europe will be deep in recession by the end of the year.

[–] [email protected] 9 points 1 year ago

[–] [email protected] 12 points 1 year ago

Hmm. Is the graphic about being in a recession sometime in 2023, or is it the question whether the whole year will see a decline?

[–] [email protected] 13 points 1 year ago (1 children)

"Probabilities"

Ah yes, because recessions are like a slot machine, you never know when they'll pay out, but you just need to keep cranking that lever until you hit the jackpot.

[–] [email protected] 9 points 1 year ago

Federal Reserve System has entered the chat

[–] [email protected] 8 points 1 year ago

Not gonna lie, I always get a bit happy seeing the words "UK" and "Recession" together, since they will never admit to it. But I also like the implication that the world could end through nuclear war and India's economy would still have a 100% chance of being fine.

[–] [email protected] 6 points 1 year ago (2 children)

My brother in Christ you're telling me it's not even a recession yet here in the US? 😭 We're so fucked

[–] [email protected] 5 points 1 year ago* (last edited 1 year ago)

The US is actually in a recovery from the covid recession. What this means is: increased velocity of money due to higher profit margins, causing inflation. Wage increases for the labour aristocracy, and further exploitation of the rest of the working class.

Every recovery from recession brings a further concentration of capital.

The words recession or economic boom means very little to the working class.

[–] [email protected] 4 points 1 year ago

lol right, if this isn't a recession then just how bad is shit about to get exactly

[–] [email protected] 3 points 1 year ago (1 children)

What exactly defines a recession?

[–] [email protected] 3 points 1 year ago

Traditional definition is two consecutive quarters of economy shrinking.