Recession or Resilience? Here’s How the US, Europe, and Asia Stack Up
Writing in Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz weigh the risk of a global recession by examining the challenges facing the US, Europe, and Asia. They explain that the US is battling its highest inflation levels since the early 1980s, and Europe and Asia are experiencing unique economic headwinds such as an energy crisis and a continuation of COVID shutdowns, respectively. Though the authors believe a global recession is possible, they assert that these regions are far too idiosyncratic, in terms of both risks and resilience, to succumb to recession all at once.