Global recession is knocking on the door

photo: fileGlobal recession is the most feared villain in the fairy tale of global economy and finance. I personally think that the fear of recession is even more harmful than the actual recession as imagination is always more hurtful than reality. This is just a symptom; the underlying effects are also reflating in economic models of global economic players. Another contributor to this gloomy story of global recession is the lacklustre economic activity in China. Data of the US job market is very resilient with unemployment rate expected to tick marginally up from 3.6% to 3.9% by 2025.