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Recession fears recede, but inflation's still a big risk - 3 chief economists on the global outlook

Radio Davos

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Globalization and De-Globalization

On the cyclical side, we are seeing a slowdown in economic activity. But businesses, as I mentioned, are eager not to let go of their workforce too rapidly because they struggle to get the right size of talent pool into the doors. That being said, oftentimes recessions are nonlinear. We have a sudden shift that leads businesses and consumers to retrench more rapidly.

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