BBCNEWS World July 6, 2024
let's speak to james smith, developed markets economist at ing. people are talking of a mild recession. what does that mean? quite often when we talk about recessions and the gdp numbers we think of two courses of negative growth being a technical recession. but that doesn't always feel like a recession to people. when we see a recession to people. when we see a recession we associate it with widespread job losses, people spending less money, people trying to save more, because they're uncertain about what is to come. we are not necessarily seeing that now. the fall in gdp we saw in ...
Source: archive.org