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Economics

World Economy Roiled by Simultaneous Shocks Echoing 2007 Anxiety

  • Corporate evidence is mounting quickly that economy is turning
  • Downshift comes well before central banks finish tightening
An American flag is reflected in the window of a building near the New York Stock Exchange.
An American flag is reflected in the window of a building near the New York Stock Exchange.Photographer: John Taggart/Bloomberg

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The world economy is showing signs of a rapid downshift as it contends with a series of shocks -- some of them self-inflicted by policymakers -- increasing the likelihood of another global recession and the danger of major financial disruptions.