How could the most robust global economy in human history get stuck in a sticky inflation trap?
The good news: From a historical perspective, the best time to be alive is ... right now.
Over 1 billion people have escaped poverty within the last two generations. They have experienced an unprecedented period of fast-expanding and broad-based prosperity.
And in the near future, there's a lot to look forward to: most of the world is moving on from the pandemic, Russia has no way to win in Ukraine, the European Union and NATO are stronger than ever, and the climate economy is benefiting from dirt-cheap clean energy prices, Ian Bremmer explains on GZERO World.
But the bad news is that there are real problems ahead. The main one is inflation, which is not going away anytime soon and will drive a lot of the economic doom and gloom for 2023.
As the global economy lurches into the new year, there is plenty to be thankful for - and plenty to fear.
Watch the GZERO World episode: Struggling for economic progress as global recession looms in 2023
- Struggling for economic progress as global recession looms in 2023 ›
- 3 reasons risk of global recession in 2023 has increased ›
- What's the chance of a global recession in 2023? ›
- What does the ‘multi-speed’ global economy mean in 2023? ›
- Explaining the long history of US debt (& which other countries are saddled with debt) - GZERO Media ›