PROF. MUHONGO: GLOBAL DEBT & HIGH INFLATION: IS GLOBAL RECESSION IMMINENT?

Economic Experts and Contemporary Historians are reminding us of the global recession of the 1970s.

We are reminded of:

*1973 oil crisis 

*Vietnam war

*1975 highest inflation in some countries

*America's inflation exceeding 8% in the 1960s and 70s

Some facts and figures to keep in mind when going through Dr Doom's global recession  predications:

*2022 GDP of USA

  US$ 24.88 trillion

*2022 GDP of China:

  US$ 19.91 trillion

*2022 Global Debt:

  over US$ 305

(a new record high!)

From:

Sospeter Muhongo

24.9.2022

 https://fortune.com/2022/09/21/long-ugly-recession-dr-doom-nouriel-roubini/