The world bank warns of a global recession, so is it inevitable? | Counting the Cost

The cost of almost everything from food to fertilisers is soaring, causing consumers to spend less. As governments aim to bring down the cost of living, containing inflation without pushing economies into a slowdown is difficult.

Meanwhile, Russia's war in Ukraine and pandemic disruptions continue to constrain supply chains, darkening the outlook for the months ahead.

So, should we be ready for a global recession?

Elsewhere, the UK government takes aim at expensive energy bills.

Can the $19bn aid package ease the squeeze on incomes?

[ronvantschip]

we should stop paying politicians until the problems are solved. Demand Accountability

[charlesharrison]

This is so f'ed up and annoying. Everything is getting from bad to worse at an incredibly fast pace and the government pretends like they don't see it maybe because they have a lot of money. I for one has been hit very hard and at this point, I am more interested in a solution because I don't think an end is near. What is the way forward for the less fortunate ones like me? How do we survive this phase? I am slowly losing my mind.

[macintoshimann]

I cant believe that woman from Harvard says we dont need to worry about a recession in the US for 12 months. I was wondering when we can call it a depression

[tradekings]

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in the US.

[ginamitembe]

Are they KIDDING??? We're in a recession way back before Russian and Ukrainian war!!!

[bboucharde]

What this up-talking woman is saying is that the *upper-middle and wealthy* consumers in the USA have "massive" savings for consumption. (However, 60% of the US population is buried in debt: credit card, auto loans, student loans, medical bills, etc.)

[WoWCity]

i think this lady is in a different place to say that US consumers are okay

[louisclifford]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460, 000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[obombabeenlaid]

Anyone who fills up at gas station can predict a recession.

[forex]

Omg why does eveyone sit in front of a bookshelf omg ! I never seen so many bookshelves in my life since zoom, doesn't zoom work if people don't have a bookdhelf ? Omg!

[_DontEatCake_]

So, "Just spend your hard-earned-for-retirement life savings to pay your bills for the next year!" Unreal.

[tasneemtarannum]

This Harvard senior fellow woman is clearly out of touch with the harsh realities of current US household budgets and economics in general. She should switch PhD programs into something that suits her perspective of reality better. And, of course, stop speaking as a consultant for a matter she clearly has no understanding of.

[elipick]

Inflation is driven by essentials such as food, gas & oil. Increase in interest rates only helps if people are spending on luxury goods, which is Not the case now. Rather than keep thinking about increasing interest rates, govt should encourage more investment into seeking out alternative energy sources and food production.

[taurus]

It' s interesting that UK only supplied 3% of gas from Russia, however energy prices went up 100% ( for me one year ago £100 p/m, now £200 p/m) Where do these price hikes come from in this case? Petrol prices although influenced this, they surely didn't cause electricity to raise that much.

[jimgrimm]

"temporary" and "tax" are an evil combo. Remember when income tax was a 'tenporary' 1% war tax?

[tubewayarmy]

Many people in the USA are just walking off the job they are doing, because they are fed up with working more and more hours and getting poorer and poorer. That's why there is a glut of jobs, it doesn't indicate that everything is ok, the problem is terminal this time. All the while tax keeps going up and up. This tax merry-go-round is grinding to a shuddering halt, and when people stop working, stop buying cars, stop paying tax, it all stops. You can't print your way out of this one.

[edgarjohnston]

while China's slower growth is due to reduced trade, US's slower growth is due to reduced printing.

[DasGrosseFressen]

15:25 hahahah "subsidies for the poor are bad policy" says the rich guy 😂

[mrfugazi]

I saw on the news not long ago that people are struggling in America already, so can we really believe what she is saying about the inflation in America.

[biglebowski]

Households in US have massive cash flows? What the 1%? Is this lady for real?