Why a global recession is inevitable

The Economist's editor-in-chief Zanny Minton Beddoes says assumptions that held for decades are being challenged. (Image: Getty)

The Economist

Mon, 09 Jan 2023

By Zanny Minton Beddoes, Editor-in-chief, The EconomistThe editors of the Collins English Dictionary have declared “permacrisis” to be their word of the year for 2022. Defined as an “an extended period of instability and insecurity”, it is an ugly portmanteau that accurately encapsulates today’s world as 2023 starts. Vladimir Putin’s invasion of Ukraine has led to the biggest land war in Europe since 1945, the most serious risk of nuclear escalation since the Cuban missile crisis and the most far-re...

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