We Are Being Warned That the Global Economy is Having “One of Its Worst Years in Three Decades”

by Michael Snyder
The Economic Collapse Blog

Will 2022 go down in history as one of the most important economic turning points that we have ever seen? All over the planet, economic activity is beginning to decelerate and uncertainty about the future is in the air. Meanwhile, the cost of living continues to escalate and a very painful energy crisis has begun. Unless there is some sort of an economic miracle, it appears that 2023 will be a very difficult year, and the long-term outlook beyond next year is even more ominous. Suddenly, many of the talking heads on television are openly speculating about the hard times that are coming, and the word “recession” is being thrown around quite frequently.

But will we only be dealing with a “recession” in the months ahead, or will it be much worse than that?

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