The Heat: Global economic slowdown

The Heat

Five large economies are now at risk of a recession, and analysts say the United States could follow.

Germany, the United Kingdom, Italy, Brazil, and Mexico are all facing a recession.

The global economic slowdown is attributed in part to the ongoing U.S-China trade war.

The United States has already placed 25% tariffs on $250 billion worth of Chinese products and plans to impose 10% tariffs on the remaining $300 billion in goods by mid-December.

There’s also the uncertainty over Brexit and the impact of a no-deal for the European Union as well as political turmoil across Latin America.

To discuss all of this:

  • Chen Chenchen is the deputy director of the Department of Macroeconomics at Renmin University.
  • Monica de Bolle is a senior fellow with the Peterson Institute for International Economics.
  • Saruhan Hatipoglu is the CEO of BERI and CGTN Global Economics Analyst.
  • Brai Odion-Esene is the founder of SW4 Insights, a public policy advisory firm.

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