{"id":621864,"date":"2018-11-19T04:05:37","date_gmt":"2018-11-19T04:05:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/"},"modified":"2018-11-19T04:05:37","modified_gmt":"2018-11-19T04:05:37","slug":"the-next-global-recession-are-governments-ready","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/","title":{"rendered":"The next global recession: Are governments ready?"},"content":{"rendered":"<p><strong>Economic and financial vulnerabilities making themselves apparent worldwide are pointing to a new massive slowdown<\/strong> over the next year or two, according to the Economist\u2019s Ryan Avent. A decade after the 2008 global recession, the next global decline in economic activity could start in emerging markets, which have been \u201cborrowing heavily\u201d but contribute a large chunk of global economic output. Avent says that the Euro area is also at risk of another debt crisis.<\/p>\n<p><strong>Are governments ready?<\/strong> Not really. Central banks will likely be faced with already-low interest rates when the next recession rolls around, which means they will have to resort to other (unreliable) methods such as printing money to spur spending and growth. Ideally, governments should start taking steps now to get ready for the next slowdown by including measures in state budgets that would increase spending automatically when the economy weakens (<a href=\"https:\/\/www.facebook.com\/TheEconomist\/videos\/306951726809830\/\">watch, runtime: 3:20<\/a>).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic and financial vulnerabilities making themselves apparent worldwide are pointing to a new massive slowdown over the next year or two, according to the Economist\u2019s Ryan Avent. A decade after the 2008 global recession, the next global decline in economic activity could start in emerging markets, which have been \u201cborrowing heavily\u201d but contribute a large [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":621865,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9004],"tags":[7106,104,115,72,2403,2388],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621864","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-worth-watching","tag-debt","tag-economy","tag-emerging-markets","tag-enterpriseam","tag-global-economy","tag-worth-watching","wpautop","entry"],"acf":{"mongo_id":"13379025-230a-49fa-9f2c-d8122b283c1c","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/11\/1381.jpg","photo_position":"above","related_issue":[621837],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The next global recession: Are governments ready? - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The next global recession: Are governments ready?\" \/>\n<meta property=\"og:description\" content=\"Economic and financial vulnerabilities making themselves apparent worldwide are pointing to a new massive slowdown over the next year or two, according to the Economist\u2019s Ryan Avent. A decade after the 2008 global recession, the next global decline in economic activity could start in emerging markets, which have been \u201cborrowing heavily\u201d but contribute a large [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-19T04:05:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1381.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"The next global recession: Are governments ready?\",\"datePublished\":\"2018-11-19T04:05:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\"},\"wordCount\":153,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/11\/1381.jpg?fit=%2C&ssl=1\",\"keywords\":[\"debt\",\"economy\",\"emerging markets\",\"EnterpriseAM\",\"global economy\",\"worth watching\"],\"articleSection\":[\"Worth watching\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/\",\"name\":\"The next global recession: Are governments ready? 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- EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/19\/the-next-global-recession-are-governments-ready\/","og_locale":"en_US","og_type":"article","og_title":"The next global recession: Are governments ready?","og_description":"Economic and financial vulnerabilities making themselves apparent worldwide are pointing to a new massive slowdown over the next year or two, according to the Economist\u2019s Ryan Avent. 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The Fund maintained its global GDP forecast of 3.2% for this year but is less optimistic about next year, when it expects\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/10\/196.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594326,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/27\/usd-debt-exposure-an-achilles-heel-for-ems-right-now-fitch-says\/","url_meta":{"origin":621864,"position":1},"title":"USD debt exposure an Achilles\u2019 heel for EMs right now, Fitch says","author":"enterpriseam admin","date":"27 October 2019","format":false,"excerpt":"USD debt exposure an Achilles\u2019 heel for EMs right now, Fitch says: Of all the macro issues emerging markets have to worry about, the biggest concern for them at the current moment is their exposure to USD-denominated external debt as the USD strengthens, Fitch Solutions\u2019 Michael Larson said in a\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2055.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575410,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/14\/imf-warns-of-long-protracted-recovery-as-it-eases-global-recession-forecast\/","url_meta":{"origin":621864,"position":2},"title":"IMF warns of long, protracted recovery as it eases global recession forecast","author":"enterpriseam admin","date":"14 October 2020","format":false,"excerpt":"IMF warns of long, slow recovery as it eases global recession forecast: The International Monetary Fund (IMF) now sees the world\u2019s GDP contracting at a 4.4% pace \u2014 an improvement from the 4.9% it projected in its June outlook \u2014 after economies coming out of lockdown showed improved trade, retail\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/10\/143.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591484,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/growing-level-of-corporate-debt-at-lower-end-of-safe-threatens-deeper-recessions\/","url_meta":{"origin":621864,"position":3},"title":"Growing level of corporate debt at lower end of \u2018safe\u2019 threatens deeper recessions","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Growing level of low-ranking investment-grade corporate debt threatens deeper recessions: Nearly half of US investment-grade corporate debt is currently rated \u2018BBB,\u2019 which has investors worried that many companies could see their debt enter \u2018junk\u2019 territory when the next recession hits, says the Wall Street Journal (watch, runtime: 5:37). 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The Tracking Index for the Global Economic\u2026","rel":"","context":"In &quot;THE MACRO PICTURE&quot;","block_context":{"text":"THE MACRO PICTURE","link":"https:\/\/enterpriseam.com\/egypt\/category\/the-macro-picture\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/10\/2447.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548131,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/27\/imf-is-gloomy-and-uncertain-on-global-economy\/","url_meta":{"origin":621864,"position":5},"title":"IMF is \u201cgloomy and uncertain\u201d on global economy","author":"enterpriseam admin","date":"27 July 2022","format":false,"excerpt":"The IMF has revised downwards its global growth outlook for this year and next, warning that gathering headwinds are pushing the world closer to recession. In its updated World Economic Outlook (pdf) released yesterday, the Fund cut its 2022 forecast by 0.4 percentage points and now sees the global growth\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/281.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=621864"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/621864\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/621837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/621865"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=621864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=621864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=621864"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=621864"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=621864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}