Global recession: Here are clues it could be closer than you think
It may not feel like it, but this global expansion cycle is in its 10th year in 2019. Over the past decade, the global cycle has weathered a number of ‘cycle-threatening’ events, including the debt ceiling issue in the US and the European sovereign debt crisis in 2011, the taper tantrum in 2013, the sharp fall in commodity prices in 2014 and China’s slowdown in 2015. True, global growth has been subpar until the synchronous recovery took hold from 2017 to H12018. But we have been lucky enough to avoid dipping back into recession.