Could a recession be looming this year? | Bloomberg Surveillance 07/10/2023

by | Oct 11, 2023 | Recession News | 21 comments

Could a recession be looming this year? | Bloomberg Surveillance 07/10/2023




Tom Keene, Jonathan Ferro and Lisa Abramowicz have the economy and the markets “under surveillance” as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. This show is simulcast worldwide on Bloomberg Television and Radio.
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Title: Will We Have a Recession This Year? | Bloomberg Surveillance 07/10/2023

Introduction:
As the global economy continues to recover from the unprecedented shocks of the COVID-19 pandemic, investors and economists stand wary about the possibility of a looming recession. Bloomberg Surveillance’s latest discussion on July 10, 2023, shed light on the current state of the global economy and the factors that could influence a potential recession in the near future.

1. Global Economic Recovery:
The discussion began by acknowledging the progress made in rebuilding economies post-pandemic. Fiscal stimuli, widespread vaccine distribution, and adapting to new ways of working have propelled economic growth over the past year. The panelists highlighted the robust rebound in various sectors, including manufacturing, services, and employment.

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2. Supply Chain Disruptions:
One prominent factor that experts continue to closely monitor is the ongoing supply chain disruptions caused by the pandemic. The global economy heavily relies on integrated supply chains, and any disturbances can have ripple effects on various sectors and eventually the overall economy. The panelists expressed concern about rising inflation, reduced productivity, and potential bottlenecks impacting industries and potentially leading to a slowdown.

3. Global Monetary Policies:
The discussions delved into the role of central banks in shaping the economic landscape, with a particular focus on recent monetary policy decisions. Experts analyzed the tapering of bond-buying programs, adjustments in interest rates, and the potential tightening of fiscal policies. The panel emphasized the importance of prudent policy measures in managing economic stability and reducing the chances of a recession.

4. Geopolitical Dynamics:
Geopolitical factors have the potential to disrupt global economic growth and trigger potential downturns. The panelists discussed the ongoing tensions between major global powers, trade disputes, and the impacts of climate change. These factors introduce significant uncertainties into the economic equation, potentially influencing investor confidence, trade flows, and overall economic trends.

5. Consumer Behavior and Sentiment:
Consumer behavior and sentiments play a crucial role in shaping economic growth. Bloomberg Surveillance analyzed consumer spending patterns, saving rates, and sentiment indicators. The panelists noted that any significant decline in consumer spending or confidence could impact businesses, leading to reduced investments, slower growth, and even a recession.

Conclusion:
While the experts on Bloomberg Surveillance’s panel did not provide a definitive answer on whether we will have a recession this year, they did highlight several crucial factors to consider. The global economy’s recovery has been promising, but ongoing disruptions in supply chains, geopolitical tensions, monetary policy decisions, and consumer sentiment remain critical to observe. Stakeholders must continue to assess the evolving economic landscape, make informed decisions, and implement prudent policies to safeguard against any potential downturns and ensure sustainable future growth.

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21 Comments

  1. Jamie Jeff

    Recessions are an unavoidable part of the economic cycle; all you can do is prepare for them and plan accordingly. I graduated into a slump (2009). My first job after graduating from college was as an aerial acrobat on cruise ships. Today, I work as a VP for a global corporation, own three rental properties, invest in stocks and businesses, run my own company, and have increased my net worth by $500k in the last four years.

  2. shang he

    I appreciate your in-depth analysis of current economic trends. Your video provides a comprehensive look at the factors affecting financial markets. keep it up!

  3. Saadakh Ali

    Thank you for everything I like the way you are helping me

  4. M Naeem

    C7cryk xxx PS if it is

  5. Keep Cool

    1st law of thermodynamics:
    Everything pollutes
    2nd law of thermodynamics:
    You can’t make nothing out of something
    3rd law of thermodynamics:
    In order for something to become clean, something else must become dirty

    No matter what we do there will always be a byproduct. We can make energy more efficient or move the byproduct to places with better collection methods but we can’t break even. And there’s a point of maximum efficiency, anything after that requires more material to create force or better material to reduce. Once we hit that maximum efficiency, everything after that is just people capitalizing on low investment margins and cheaply priced stocks of newer products like electric cars because it’s to lucrative to invest in an existing market such as oil/gas. Basically we’re going to get push from the 1% to buy electric because they all cheaply invested and need the consumer to drive up stock growth. At least that would be my plan. Lastly, soon all EV’s will have tax meters to help pay for infrastructure, which will cause all sorts of legal problems with privacy rights.

  6. Waylon Hynnes

    $HE WOW 15%! Rocket 25 before Monday OPEN Looking for big drop off of premarket hype and buy back in on the big drop!

  7. Steve

    Hbar$$$

  8. Wi Desp

    The FED should increase all this year, and keep it unchanged for 7 years so that all bad companies go out business and new efficient companies start a new healthy business cycle.

  9. Atilla Atilla

    Withdraw instand…..y lier kurva

  10. Marcus

    Elon Musk should cut off his Starlink satellites from Ukraine

  11. G-Coin New

    All I want out of life? Is to be able to hit like button twice.. Great work Guy and the team.. Very informative video.

  12. Diane Kern

    Beautiful Work ✨

  13. liu zhang

    Given the current economic difficulties that the country is experiencing in 2023, how can we enhance our earnings during this period of adjustment? I cannot let my $680k savings vanish after putting in so much effort to accumulate them.

  14. Chosen

    There not going to be a WW3

  15. CLUTCH_AND STICK

    All four of my cars have 1,000+ watt car stereo systems. My commute is 90 minutes each way (minimum).
    As an FCC and N.A.R.T.E. Certified GROL Technician I'm going to suggest someone get Tom Keene a normally closed "cough" switch. Not everyone is listening through the Speaker on their Smartphone. If you're wearing headphones it's like living in the back of his throat.

  16. Betty J

    We have been in a recession for already a year or more. Under-reported inflation hides it statistically. You need to talk to ordinary people who see their buying power declining at 5% a year instead of relying on government lies.

  17. A John

    The USA is an active war with Russia what are you talkin about? How much are y'all going to lie to us like people born yesterday

  18. Matthew Brandon

    With inflation running at a four-decade high, the Recession is now the ‘most likely outcome for the economy and I cannot imagine being a victim of circumstances. My portfolio suffered a big hit, holding it further won’t be any good. I've heard of people netting hundreds of thousands this red season. How can I ensure this?

  19. Jim 3482

    4 out of 5 terrorists hate Palantir

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