Global Economies Slip into Recession Amid Stock Market Growth
Date: 2024-02-17 Author: Dima Zakharov Categories: IN WORLD
Economic Growth vs. Recession
Amid the soaring heights of stock markets in major economies, a stark reality emerges as countries like the UK and Japan slip into technical recession, marked by consecutive quarters of negative growth, with Japan losing its third-largest economy status, as per Bloomberg data.
Wealth Disparity on the Rise
The divide between booming markets and struggling economies finds partial explanation in wealth concentration.
According to Geiger Capital, the wealthiest 1% now possess more wealth than America's entire middle class, largely fueled by investments in stocks and real estate.
According to Geiger Capital, the wealthiest 1% now possess more wealth than America's entire middle class, largely fueled by investments in stocks and real estate.
Impending Stagflation
An impending specter of stagflation looms as most Western economies grapple with low or zero growth, high inflation, and potentially elevated unemployment rates.
Despite the USA's return to standard interest rates, inflation remains a challenge.
Despite the USA's return to standard interest rates, inflation remains a challenge.
