Surveillance: Eurasia's Top 2023 Risks
Bloomberg Surveillance
00:00
Is There a Recession to End All Recessions?
The fiscal situation in the US has deteriorated very sharply. We're going to end this business cycle at a budget deficit of about 5% of GDP, which is a really horrible place to end the business cycle. I don't think that there's a big risk of a financial instability, capitalism, that pushes the economy into a deep recession. The challenge for them is not ease too soon, but to ease in a timely way.
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