We are seeing the cascading impacts of the energy-driven inflation starting to ripple throughout the globe, specifically worsening economies who are dependent on the export of non-essential durable goods.  South Korea manufacturing is the latest example. The first quarter of 2022 started with a drop in U.S. consumer spending on non-essential durable goods like electronics. 
The post Global Recession, South Korea Manufacturing Output Shrinks in July, First Time in Two Years appeared first on The Last Refuge.

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