On the brink of recession?
The world had just seen the biggest fiscal and central bank recovery package in history after the Covid-19 pandemic – and was about to digest it – when the energy shortages as a result Russia’s invasion of Ukraine sent prices to dizzying heights. Eurozone inflation peaked at above 10% in November and it seemed that the world economy would slide straight into recession. While prices have started to decline moderately, they’re still nowhere near any economically reasonable level. So, the question remains whether a recession is inevitable. If it is, how severe will it be and is there anything retail investors can do to protect themselves? We asked Martina Hoffard from Spectrum Markets, for her opinion.
