Julia Coronado, founder of MacroPolicy perspectives, and Greg IP, Wall Street Journal chief economics commentator, join 'Squawk Box' to discuss whether developed nations' economies are affecting the global economy and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: » Subscribe to CNBC TV: » Subscribe to CNBC: Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: Connect with CNBC News Online Get the latest news: Follow CNBC on LinkedIn: Follow CNBC News on Facebook: Follow CNBC News on Twitter: Follow CNBC News on Instagram: #CNBC #CNBCTV...(read more)
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The United States economy is one of the largest in the world, and its performance has a significant impact on the global economy. If the U.S. goes into recession, it will undoubtedly have a ripple effect on the world economy. This was highlighted by Julia Coronado, the founder of MacroPolicy Perspectives, who stated that if the U.S. goes into recession, the entire global economy goes into recession. A recession in the United States would mean a significant drop in economic activity, leading to a slowdown in consumer spending, business investments, and job creation. This would not only impact the U.S. economy but also affect the global economy as it would lead to a decrease in demand for goods and services globally. The U.S. is a significant player in several global supply chains, and any disruption in the U.S. economy would lead to disruption in the global supply chain, impacting businesses worldwide. Furthermore, the United States is also a major importer and exporter, and any decline in demand for products and services would affect trade with other countries. As a result, countries around the world will be affected by a slowdown in U.S. trade, leading to a decline in their economic growth rates. In addition to the above, the U.S. dollar is the world's reserve currency, meaning it is the most commonly held currency by central banks worldwide. A recession in the United States would lead to a decline in demand for the dollar, affecting its value on the world market. This would impact countries that rely heavily on the U.S. dollar for trade, such as oil-producing countries that price their oil in dollars. Moreover, the United States is a hub for international finance, and the U.S. stock market is the largest and most active in the world. A recession in the United States would, therefore, lead to a decline in the global stock market and, in turn, lead to a decrease in the value of investments held by individuals and businesses worldwide. In conclusion, a recession in the United States would have far-reaching consequences for the global economy, leading to a decline in demand for goods and services, disruption in the global supply chain, a drop in global trade, a decline in the value of the dollar, and a decrease in the value of investments worldwide. As highlighted by Julia Coronado, the founder of MacroPolicy Perspectives, if the U.S. goes into recession, the entire global economy goes into recession. It is, therefore, essential for countries worldwide to keep a close eye on the United States' economic performance and act to prevent any potential recession. https://inflationprotection.org/julia-coronado-recession-in-the-u-s-would-trigger-a-global-economic-downturn/?feed_id=85023&_unique_id=642e5380ccc15 #Inflation #Retirement #GoldIRA #Wealth #Investing #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews #RecessionNews #breakingnews #businessnews #cable #cablenews #CNBC #financenews #financestock #financialnews #money #moneytips #newschannel #newsstation #SquawkBoxU.S. #stockmarket #stockmarketnews #Stocks #usnews #worldnews
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