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27 alarming signs the world is heading for recession

Ominous signals of a global downturn
1. Downgraded growth forecasts
2. Cooling housing markets
3. Inverting yield curves
4. Excessive spending hangover
5. Skyrocketing inflation
6. Rising interest rates
7. Winding down of fiscal support
8. Shrinking real wages
9. Expert warnings
10. Elon Musk's
11. CEO pessimism
12. Consumer pessimism
13. Dwindling business confidence
14. Self-fulfilling recession danger
15. Plummeting stocks
16. European currencies in turmoil
17. Plunging copper prices
18. Trouble in China
19. Tech industry slump
20. Cooling jobs markets
21. Declining working hours
22. Weakening retail sales
23. Growing business inventories
24. Falling output
25. An uncanny historical parallel
26. Skyscraper index hint
27. Lipstick, underwear and dresses
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Simon Belcher/Alamy

Ominous signals of a global downturn

As the war in Ukraine and China's sweeping lockdowns upend the post-pandemic recovery, storm clouds are gathering for the global economy and the forecast looks grim, with research firm Ned Davis declaring in September that there's a 98% chance of global recession. 

Read on for 27 worrying signs that a full-blown recession is looming. All dollar values in US dollars.

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Daniel Coughlin

05 October 2022

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