The Eurozone has officially entered a recession threatening to bring down the global economy. This recession is a product of a self-inflicted energy crisis which could see Europe deindustrialize even further! Here’s what you must know about the EU recession and why the United States might be next in line.
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✅ Timestamps & Chapters:
0:00 The Eurozone Recession Is Here
1:40 A Painful Energy Shock
4:39 Cost Of Living Crisis
7:57 EU Industries Are Fleeing Away
11:15 Is The United States Next?
13:54 Can Europe Recover?
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BREAKING: Recession News
LEARN MORE ABOUT: Bank Failures
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
Europe Crashes Into Recession – Is America Next?
The European economy has tumbled into a deep recession due to the impact of the ongoing Covid-19 pandemic. As the continent grapples with its worst economic crisis since World War II, concerns are rising over the possibility of a similar fate for the United States. With the American economy already experiencing significant disruptions and volatility, is America next to face a recession?
Europe’s recession comes as no surprise, given the crippling effects of the pandemic on various sectors. The stringent lockdown measures implemented to contain the virus have resulted in massive job losses, plummeting consumer spending, and disrupted supply chains. Industries such as tourism, hospitality, and retail have taken a severe hit, as people’s spending habits drastically changed during the crisis. Governments across Europe have responded by offering various stimulus packages and financial aid to try and mitigate the economic damage. However, it has not been enough to prevent a widespread recession.
The big question now is whether the United States will follow in Europe’s footsteps. The US is no stranger to recessions, having faced significant economic downturns in the past. However, the current situation seems different due to the unprecedented nature of the pandemic. The US has been the hardest-hit nation globally, with the highest number of Covid-19 cases and deaths. This has led to similar lockdown measures as seen in Europe, resulting in an economic shockwave.
The American economy was already showing signs of strain before the pandemic hit. Issues such as a growing wealth gap, rising levels of debt, and a volatile stock market raised concerns about the sustainability of the US economic growth. The pandemic only exacerbated those concerns and has exposed vulnerabilities in the system. The US government’s response, including massive stimulus measures and financial aid, has provided some relief, but it might only be temporary.
The outcome for the United States depends largely on how long the pandemic persists and how it manages to control the virus. The resurgence of cases in certain states and persistent uncertainties regarding vaccines and treatments pose significant risks to the economy’s recovery. Additionally, the upcoming presidential election and its potential impact on policies could contribute to further instability.
However, it is worth noting that the American economy has shown remarkable resilience in the past. Its strong technological sectors, innovative industries, and investment-friendly environment have helped it recover from previous recessions. The Federal Reserve’s proactive approach and the country’s ability to adapt swiftly to changing circumstances have also been factors in the US bouncing back from economic downturns.
While Europe’s recession is concerning, it does not necessarily mean America is next. The situation in the United States remains precarious, with the potential for additional outbreaks and a prolonged recovery period. However, the country’s inherent strengths and the lessons learned from past crises may help it navigate the uncertain times ahead.
Nonetheless, it is essential for the United States to remain vigilant and adopt measures to mitigate the risks. Coordinated efforts between the government, the private sector, and citizens are crucial in controlling the spread of the virus and preserving economic stability. A sustainable recovery will require long-term solutions that address underlying systemic issues and create a more inclusive and resilient economy.
The road ahead remains uncertain, and the possibility of America plunging into a recession should not be ignored. However, it is equally important to remember that the United States has weathered multiple economic storms throughout its history. With the right measures, policies, and mindset, America has the potential to rebound and emerge stronger from this crisis.
Any country or territory whose central bank still utilises interest rates to control inflation is doomed to cycles of recession. Also when we talk about recession if a govt relies on GDP as the primary measure of the health of an economy then it’s again is sadly going to lead its population thru unnecessary harsships
It's ridiculous to give incentives for manufacturers of "green" energy. It doesn't work. It will never replace traditional energy sources because its energy density is much too low. All you will get by abandoning oil, gas and coal is a drastic reduction in the standard of living. Possibly reduction in available food supply. Oh, wait…yeah, of course, THAT's what they want!
These European companies better take a good look at the security of what the U.S.'s I.R.A. is actually going to give them. TSMC had to learn the hard way that they were promised all kinds of tax breaks and subsidies only to find out that American companies got the majority of the money and the U.S. was only interested in obtaining the manufacturing and development data for their own. They had no intention of giving TSMC a bunch of money to et up manufacturing facilities in the U.S. Well, TSMC did the smart think nd took their newest most promising tech development back to Taiwan and left development of basic iPhone chip manufacturing in the U.S. The U.S. will screw you as well as look at you, so TSMC did the best they could do given the situation they put themselves in, thinking the U.S. was better than China for them. Hahaha that's a good one! I am an american citizen so I know how much they like to screw folks over.
Things will get very bad unbelievable
Used to buy quality 500gm/pack muesli in Germany for €2-€3. In sgp, a 300gm pack, not to even compare quality, is $8. Our prices here were heavily inflated even b4 any inflation crisis.
A country leaders with no brain,
Yes, the USA is next, Saudi Arabia and Russia have just agreed to reduce oil production to raise gas prices and thus the price of everything. Thanks Biden, geriatric fascist.
USA has managed to destroy the entire world.
We have been in a recession for a long time, they just need to admit that they are corrupt, depraved, degenerate, toxic inept policymakers.
America still has the printing press economy.
If one is presented with admin figures that claim real or "core inflation" is merely 3-4%, when food, energy and rental costs are consistently rising quarter over quarter, that's when the public know they're being lied to and any public information has been and is being massaged to paint the government in a better light, especially when the chumps are running around stumping during election cycles. When food costs soar, and rentals are through the roof, it doesn't matter what Yellen may like to claim, the inflationary effects are destroying people on the street and it's persistent – not transitory. They'll give you a hundred reasons why food and energy is not used to indicate inflation figures and you'll see a hundred reasons where they failed. Biden did this was and remains a good meme.
CHINA 1ST….BWA HAHAHHHHH HAHAHHHHH HAHAHHHHH…COMEDY…
"To be an enemy of America can be dangerous, but to be a friend is fatal." ~ Henry Kissinger
USA realised they need to be a manfacturing hub like the old days…so its between the lines why this crisis creation…energy europe & chip production taiwan…..everybody moves to the USA…wa lahhh….manufacturing has come back to roost
Whooa…golden shitzer….European are now crapping in their pants.
Instead of increasing interest rate or printing money….just burning money in circulation is the last option.
EU is just dumb, with all the natural resources and manufacturer reside in BRICS nations, why would they still align themselves with USA LOL.
Du är bra
Guess it's not.
Venezuela, has plenty of oil stop sanction on Latin America.
Latin American, Europe can connect to make things better
for both continents. Think harder Europe.
Let's see whether Pfizer saves Germany's coffers again
THE US GOVERNMENT BELONGS IN THE TRASH
better save some cash if the mentally ill war hor US govt and "PALS" go paperless, they will then be able to track ALL transactions.. , no craigs list, no garage sales, no cash tithing, no spending privacy…no homeless donations…
UNCLE WAR HOR and "PALS" want to control every penny you spend so they can tax you with a VAT tax on everything.. so they can start another war..and another war… and another… also buy a burial plot for your soldier age children.. they will come home in a bag..
Get off of the grid or be able to within 2 hours…while you have choices
Lesson of the story, buy cheap energy from Russia, using long term contracts!!! Also, don't trust u.s. foreign and economic policies. Remain neutral!!
Euro is killing EU.
Are prostitutes getting cheaper in Europe? That is the best metric to measure recession.
Never disturb an enemy that is destroying itself.
Sun Tzu
Go Brandon.
NATO is like the human centipede.
Europeans need to rise and revolt to stop EU and US administration destroying them
Germany and the EU got played by the US.
Bitcoin is the future. There’s no other asset like it. Limited. Rare. A true wonder of human creation.
Thats what happan when you got a pack of self invested elites running the show they dont suffer just the people they are saposed to look after of with there heads
Nr 4 effected country – the Netherlands – is also in a crazy situation. They have the largest natural gas field in Europe, but they have to stop exploiting it, because people in the area of the gas fields complain about cracks in their homes because of the gas exploitation. A politician who thought it should not be a reason to stop using the gas said: "We can be the Kuwait of Europe: give all people in the area a Lamborghini as compensation and it will still be profitable to keep using the gas." And irony upon irony: today it was in the news that an intelligence agency of Netherlands informed the US that Ukraine had plans to blow up the Nord Stream pipelines before it actually happend.
Europe should have picked better friends