Recession Isn't on the Near Horizon, Says Former IMF Chief Economist

The discussion focuses on Brexit's impact on the UK and European economies, highlighting uncertainties affecting investments and consumer confidence. The potential consequences of a no-deal Brexit are explored, with concerns about disruptions and economic slowdown. The conversation shifts to trade, emphasizing the importance of service trade and the challenges of tracking digital trade. Finally, indicators of a global recession are discussed, with a focus on consumer confidence and economic trends in Asia, Europe, and the US.

What is one of the main concerns regarding the UK economy in the context of Brexit?

• Strengthening of the pound

• Rising investment levels

• Increased consumer spending

• Potential disruptions from a no-deal Brexit

Which European country's economy is highlighted as a major driver of European developments?

• Spain

• Italy

• France

• Germany

What is a growing proportion of trade for the global economy, especially for the UK?

• Agricultural trade

• Service trade

• Energy trade

• Manufacturing trade

What is a key indicator that economists might look at to predict a global recession?

• Growing capital expenditure

• Falling consumer confidence

• Increased consumer confidence

• Rising stock prices

Which region is experiencing unexpected economic slowdown according to the discussion?

• South America

• Australia

• Africa

• Asia