A "Rolling Recession" Economy: The New Normal?

The hiring continues while regional banks are folding and big tech is laying off employees.

Professor of finance and economics at Loyola Marymount University, Sung Won Sohn, announced: “A rolling recession…is in progress”.

The latest survey conducted amount the leading global economists shows that two-thirds of respondents expect a global recession in the second half of 2023. Nowadays, it is more surprising to see positive economic forecasts; although St. Louis Federal Reserve Bank President James Bullard is still, somewhat desperately, trying to convince us that there will not be a recession; instead, he points to an unlikely scenario of a slow economic growth as the base case. Instead of weighing in on the Fed’s perspective, let’s take a look at the key economic trends that speak for themselves.

What exactly is a rolling recession?