this post was submitted on 03 Sep 2023
24 points (100.0% liked)

World News

0 readers
2 users here now

founded 5 years ago
MODERATORS
 
top 11 comments
sorted by: hot top controversial new old
[–] DamarcusArt@lemmygrad.ml 10 points 2 years ago (1 children)

"Probabilities"

Ah yes, because recessions are like a slot machine, you never know when they'll pay out, but you just need to keep cranking that lever until you hit the jackpot.

[–] Shinhoshi@lemmygrad.ml 8 points 2 years ago

Federal Reserve System has entered the chat

[–] AlbigensianGhoul@lemmygrad.ml 6 points 2 years ago

Not gonna lie, I always get a bit happy seeing the words "UK" and "Recession" together, since they will never admit to it. But I also like the implication that the world could end through nuclear war and India's economy would still have a 100% chance of being fine.

[–] SeeingRed@lemmygrad.ml 6 points 2 years ago (2 children)

The image shows data from April.

In may Germany entered Recession: https://www.reuters.com/markets/europe/germany-enters-recession-2023-05-25/

While the G7/EU other countries may have mostly technically avoided recession, they have only done so barely so far.

[–] yogthos@lemmygrad.ml 7 points 2 years ago (1 children)

I fully expect that all Europe will be deep in recession by the end of the year.

[–] bandarawan@lemmygrad.ml 6 points 2 years ago

Hmm. Is the graphic about being in a recession sometime in 2023, or is it the question whether the whole year will see a decline?

[–] kig_v2@lemmygrad.ml 5 points 2 years ago (1 children)

My brother in Christ you're telling me it's not even a recession yet here in the US? 😭 We're so fucked

[–] yogthos@lemmygrad.ml 3 points 2 years ago

lol right, if this isn't a recession then just how bad is shit about to get exactly

[–] Rasm635u@lemmygrad.ml 3 points 2 years ago (1 children)

What exactly defines a recession?

[–] yogthos@lemmygrad.ml 2 points 2 years ago

Traditional definition is two consecutive quarters of economy shrinking.