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null Is the World Headed for a Recession?

Is the World Headed for a Recession?
29 Aug 2022
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Clock 15 mins.
CATEGORIES: AER Global AER Personal Spain Global US Europe China Macro Global Financial Markets Monetary Policy Energy
Ignacio de la Torre
In August, Purchasing Managers’ Indexes (PMI) slid to 45 across the world, anticipating a foreseeable GDP contraction. Economic indicators are deteriorating simultaneously in the world's three major economies. Rate hikes are beginning to take their toll on US activity, Europe is facing a tough situation with historic spikes in energy prices, and China is experiencing a ‘perfect storm’ with the implosion of its housing bubble. Against this backdrop, it is critical to gauge every aspect of this summer's major events to determine the severity of the situation, and more importantly, to be able to outline future interest rate and inflation scenarios, as medium-term investment outlook will largely hinge on future growth, rates and inflation.
dot What will be the impact of this summer macro events on global economy?
dot What are the foreseeable scenarios going forward?
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