The perfect storm leading to a global recession

Recent developments suggest that all G7 economies are already in recession or close to tipping into one.

When they reach it, there will be a sharp slowdown in Brazil, Russia, India, and China and other emerging markets.

Elsewhere, Japan is contracting, too.

This G7 recession will lead to a sharp growth slowdown in emerging markets and likely tip the overall global economy into a recession

[Excerpt of an article by Nouriel Roubini, Professor of Economics at the Stern School of Business, New York University]