The recession is driven both by an economic slowdown in China and the war in the Ukraine. The economic slowdown in China is caused by the endless Covid lockdow

The recession is driven both by an economic slowdown in China and the war in the Ukraine. The economic slowdown in China is caused by the endless Covid lockdowns. The war in the Ukraine is resulting in a shortage of natural gas in Europe, sharply driving up energy prices resulting in double digits inflation and people naturally tightening their spending. The USA has mostly been protected as they have their own gas and oil supplies, however, they are not immune to what happens in the world.