STANFORD, California ¨C Most major economies are flirting with, or tipping into, recession.
While and appear to have just pulled themselves back from the brink, Germany, Europe¡¯s largest economy, is already in a , following two consecutive quarters of negative growth.
In China ¡ª the world¡¯s second-largest economy and a major source of global growth in the years before the pandemic ¡ª the post-COVID-19 rebound has already fizzled, leading the government to roll out a . And while the U.S. economy appears to have avoided a recession so far, many forecasters still expect a in the coming months, with the Conference Board¡¯s of leading economic indicators continuing its 14-month decline.
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