News / Gloomy predictions for long recession in major global economies

Nomura’s economic analysis is projecting a baseline forecast of a mild, but long-lasting recession in many major economies.

In an interview for The Loadstar Podcast, Rob Subbaraman, head of global macro research and co-head of global markets research at Nomura, discusses the impact of the global macroeconomic situation and various crises, including war, pandemic and softening demand.

Mr Subbaraman explains that global inflationary pressures have broadened and intensified beyond commodity prices, which has cooled consumer demand.

“Commodity prices do not represent the whole picture, ...