Marcel Thieliant, head of Asia-Pacific at Capital Economics, says the worst is yet to come and he still expects that the U.S. will enter a recession later this year and growth in Europe will remain “extremely weak.”
Expect Japan to enter a recession ‘before long,’ economist says
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Not surprising. Its policies are totally aligned with the other members of the G7. Sinking together is better than sinking alone. Enjoy the dive!