Economist Podcasts Forgoing a song: protest inside and beyond Iran
Nov 25, 2022
In this dialogue, Greg Karlstrom, the Middle East correspondent, sheds light on the poignant Iranian protests and the striking silence of the national football team during the World Cup. Callum Williams, a senior economics writer, offers a sobering analysis of the global economic outlook, hinting at an impending recession that may not quell inflation. Meanwhile, Anne Rowe reflects on Hebe de Bonafini, a symbol of resilience against state brutality in Argentina, tracing her journey from personal loss to powerful activism.
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Darkening Economic Outlook
- Despite recent positive economic signs, the global economy shows darkening recession indicators.
- The concerning aspect is this potential recession might not effectively curb inflation.
Impact of Rising Interest Rates
- Rising interest rates are impacting the economy, with falling house prices in Canada and New Zealand.
- Companies are reducing investments due to tighter financial conditions.
Unemployment and Recession
- Unemployment remains low in many countries, seemingly contradicting recession fears.
- However, rising unemployment rates in some smaller countries indicate a potential broader slowdown.