A US Economist says an imminent world recession, sparked by the ongoing trade war between the United States and China, expands beyond economics.
Panic gripped Wall Street yesterday as investors dumped shares amid fears over a US-China trade war and the health of the global economy.
Professor of Public Policy at Harvard’s Kennedy School of Government, Economist Richard Parker says it’s ‘macro politics at the highest global level’.
He notes that recessions have been accurately predicted over the last 70-years.
Professor Richard Parker, Economist, and Professor of Public Policy at Harvard’s Kennedy School of Government.
In the meantime, Financial Analyst, Dennis Chung, says there were many signs that a recession was coming.
They were speaking last evening on Nationwide @ 5 with Cliff Hughes and Kemesha Kelly.