Holes in the Recession Story
With surging inflation and a new war in Europe, the first half of 2022 was understandably gloomy for economies and financial markets around the world. But recent developments offer some hope that the prevailing pessimism may no longer be as warranted as it was a few months ago.
https://prosyn.org/sDsqRcA
LONDON – With so much talk of stagnation, inflation, and stagflation in recent months, it is worth questioning whether the prevailing pessimism is justified. While I have shared in the gloom (warning early on that it could be a “bad year for markets”), I’m starting to reflect on my previous views, for four reasons.