The Next Recession
Most business analysts are forecasting the start of the next global recession during the second quarter of 2020. Some countries may already be in recession during the first quarter of this year. Less clear is the likely nature, severity, duration, challenges, and opportunities associated with the next recession. This recession will be significantly different from prior recessions and come at a time when policy makers, financial institutions, other businesses, and consumers are not well-prepared to weather a deep recession.
Jim Ellert, IEDC-Bled School of Management, Slovenia; Emeritus, IMD Lausanne, Switzerland