Inflation is the main factor of recession which US is currently battling now. Global GDP is cause inflation for a long term that might result to hyperinflation if the government failed to solve it earlier. Too much growth on GDP can give a bad effect if left unchecked.
I believe this is exactly what happening on the US right now that’s why many economist is predicting for a recession.
https://www.investopedia.com/articles/06/gdpinflation.asp
Topic: The fear of global recession is real or just a speculation? - page 5. (Read 585 times)
There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.
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