WCHN - Recession 2020? Real GDP Already Shrinking In World's Biggest Economies

On the precipice of a new decade, the signs of global recession are getting clearer. The United States is not yet in a textbook definition of a recession yet, being two consecutive quarters of nominal GDP contraction, but by some measures recession is already starting. If we look at real GDP, which I’ll define here as GDP annual growth rate minus core inflation rate, we can see that many of the world’s largest economies including the United States look to be sliding into recession as we speak.

Here I’ll take a look at the 5

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