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20min chapter
Shocks, Crises, and False Alarms
Moody's Talks - Inside Economics
Types of Recessions, Geopolitics, US Presidential Election, and Forecasting Successes and Failures
The chapter explores different types of recessions - real economy, policy-driven, and financial recessions - discussing their impacts on the economy. It delves into the complexities of how geopolitical events intersect with the macroeconomy, highlighting the unpredictable nature of such impacts. Additionally, the chapter touches on the potential effects of the US presidential election on the economy and reflects on forecasting successes and failures, noting the importance of distinguishing between tactical and structural shifts in the economy.
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