On the Brink of Recession?
The world economy, including Indonesia, is slowing. The US economy has also begun to slow down. The Fed estimates that the probability of recession in the US has risen to 35 percent.
A Chinese bank employee counts new 50-yuan notes with a money counting machine at a bank counter in Hangzhou in China\'s eastern Zhejiang province on August 30, 2019, as the People’s Bank of China issues the newest 2019 edition of the fifth series of the yuan notes. - China\'s currency slid on August 26 to its weakest point in more than 11 years as concerns over the US trade war and the potential for global recession weighed on markets.
Flavio is his name, a taxi driver in Milan. He is below 40 year olds. He drove me from Malpensa Airport in Milan to Bellagio.
In a sad tone, he complained about the increasingly difficult economic condition, especially in Italy. He did not mention the cause. We know that Italy entered a recession at the end of 2018. Italy\'s economy did improve a little last quarter, but with the stagnant economic growth, and debt more than 130 percent of GDP, Italy is vulnerable to falling back into recession.