European economy sucked into war black hole


Readers will know that my base case is for a global recession sooner rather than later as the world’s three major economies are shocked simultaneously by US rate hikes, European war and energy shocks, and the Chinese property crash plus OMICRON strife.

It is clear that China is already in trouble. Now Europe is joining it fast. Lombard with the note.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.