Is a global recession happening in 2020? Experts weigh in on what’s next – ZAWYA

Is a global recession happening in 2020? Experts weigh in on what’s next – ZAWYA

Economic experts in UAE respond to concerns that the world economy is heading into a crisis. Economic experts in the UAE have allayed fears that the world economy or US is heading into another recession.. It's more than 10 years since the American housing bubble burst and the ensuing global financial crisis broke, and discussions are rife that the next crisis is imminent.. "Most people are worried about what is going on in the world economy.. "While we consider global recession fears overblown, the growth recovery from last year's multi-year low will be tepid at best, and the risks are weighted to the downside," Richards told Zawya.. What is instead expected to happen this year, Richards added, is that the American and Chinese economies will go through a moderate slowdown, while the Eurozone will see flat growth. ".