Without a doubt, this is going to slow global growth for the next year or so. One of the world's major economies is in hibernation right now. I also think the

Without a doubt, this is going to slow global growth for the next year or so. One of the world's major economies is in hibernation right now. I also think there's a fair amount of distraction going on across the globe that is also silently draining some productivity. Whether this triggers a recession remains to be seen, however.