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February 21, 2020 | World Recession Outside USA?

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Japan’s economic performance plummeted at the end of 2019, and a recession seems inevitable. The downturn in the land of the rising sun is a bad omen for the global economy. Nevertheless, the entire coronavirus scare has resulted in a sharp collapse in many areas globally that depend on tourism. We are seeing sharp declines in South East Asia, Hong Kong, and even in Dubai. We should expect that the first quarter numbers for many areas around the world will show recessionary trends. This is only further pushing the dollar higher as capital continues to flee from Asia, in particular, as well as Europe and heads into the dollar.

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February 21st, 2020

Posted In: Armstrong Economics

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