The publication cited a number of serious grounds. First of all, it was noted that the number of approved permits for housing construction in the USA decreased to a record level. This indicator is an important signal affecting the construction industry and economic activity in general.
The second aspect is the sharp increase in interest rates of central banks. Therefore, the possibilities of obtaining loans for business are becoming increasingly limited, and the number of borrowers is significantly decreasing. This makes it difficult to implement new projects and expand production.
The third factor is the trade war between the USA and China. Conflicts between these two major economies can have a strong impact not only on their domestic market but also on the global economy.
One of the most alarming aspects is that the probability of a recession is estimated at 60-80 percent. Such an indicator means that the economic risk is very high.
All these factors, as noted by the publication, were also observed on the eve of the 2008 global financial and economic crisis - the Great Recession. So, today's situation is reminiscent of that situation.
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