Why the ‘Great Recession’ never Came

Why the ‘Great Recession’ never Came

It’s been a tumultuous few years for the global economy. Between the shock of the pandemic and the war in Ukraine, analysts had been telling us to brace for a “Great Recession.” But this hasn’t come to pass – and the United States in particular has been doing far better than expected – outperforming all other major economies last year despite a slew of interest rate hikes. DW Business speaks to Christopher Thornberg, Founding Partner at Beacon Economics about why this has happened and whether heavy stimulus spending could come back to bite.
Credit to : DW News