Pimco's Fels Warns That the Worst Is Yet to Come for the Global Economy

The video discusses the likelihood of a global recession driven by multiple economic shocks, including supply, demand, financial, and oil shocks. It predicts a U-shaped recession and highlights that the worst economic data is yet to come, particularly affecting the Western world. The discussion also suggests this could be the first services-led recession in history.

What are the types of shocks mentioned that are affecting the global economy?

• Supply, demand, financial, and oil shocks

• Political, social, and environmental shocks

• Technological, cultural, and educational shocks

• Health, safety, and security shocks

What shape is the anticipated recession expected to take?

• L-shaped

• U-shaped

• W-shaped

• V-shaped

What is the expected timing for the worst economic data to appear?

• In the next few weeks and months

• It has already appeared

• In the next few days

• It will not appear

Which region's economic data has not yet shown the full impact of the recession?

• Asia

• Africa

• Western world

• South America

What is unique about the potential upcoming recession?

• It is the first technology-led recession

• It is the first services-led recession

• It is the first agriculture-led recession

• It is the first manufacturing-led recession