Here comes a ‘loose’ recession

Here comes a ‘loose’ recession

The global economy is likely to grow so slowly in 2023 that it will certainly feel like a recession, one economist says.

“The global economy is slowing, and risks are to the downside,” Morgan Stanley Global Chief Economist Seth Carpenter wrote in a new note, adding that “we are on the cusp of a loose definition of recession.”

And given the general nature of the slowdown, “the distinction between a recession and not is going to be a little murky,” Carpenter told Yahoo Finance Live…


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