Trade wars. Financial panics. Inflation. How come it feels like it’s all bad news in the global economy these days? Economist Eswar Prasad’s answer: something he calls the ‘doom loop.’ That’s where massive geopolitical and economic forces feed off each other and send us careening into disorder. Sounds dire. But it’s not hopeless.

On today’s show, are we in a doom loop? And if we are … how do we get out of one?

Eswar Prasad’s new book is called “The Doom Loop: Why the World Economic Order Is Spiraling into Disorder”.

Related episodes:
Is the financial media making us miserable about the economy?
Why are some nations richer?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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