June 24, 2021

Is the debt right to point to the recession?

The commercial tension that broke out more than a year ago between the United States and China is burning in this month of August at a dizzying pace. If the previous week was the threat of currency war that shook the financial markets, in recent days it is the declared fear of a global economic downturn that has accelerated sales in equities and the unbridled search for debt shelter sovereign These days it has become palpable that the protectionist escalation – and its effect on world trade – has ended up impacting growth. What was an obvious suspicion has already become a reality in Germany, where the economy is bordering on the recession after growth has contracted 0.1% in the second quarter of the year, thereby halting the euro zone as a whole .

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