Is the World Economy Sliding Into First Recession Since 2009?

The video discusses the current state of monetary policy, questioning its effectiveness and potential harm. It compares today's economic conditions to past years, highlighting the challenges of relying on fiscal stimulus. The speaker suggests that the global economy may face stagnation similar to Japan's, rather than a quick recovery. The probability of a recession in the next 18 months is considered high due to macroeconomic and geopolitical factors.

In what ways does the speaker suggest that current economic conditions differ from those in Japan?

What factors does the speaker believe are impacting the world economy?