WITH the global economy enjoying uninterrupted growth for the last 10 years, there is an increasing view that a recession is around the corner. The view is getting louder by the day.
But one contrarian to this view is this: there is plenty of room for growth albeit at a slower pace. And while there will likely be a slowdown in growth, it will not translate into a recession, which is defined by a contraction in the economy for multiple quarters. The main reason for the slowdown is the growing fears from the trade war between the United States and China.