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Signs of Shallow Recession in United States
How deep will the US recession really go? A Reuters survey in December 2022 saying that the recession would be relatively short and shallow.
Ari Kuncoro
Last week, International Monetary Fund (MF) managing director Kristalina Georgieva said that a third of the world would experience a recession in 2023. The reasons were the ongoing Russia-Ukraine war, high commodity prices, the resurgence of Covid-19 in China, and higher interest rates in the United States.
World economic giants the US, Europe and China will slow down. Those countries not experiencing a recession will feel the impacts through the global supply chain, such as a slowdown in exports and/or an increase in import costs.