Andrei Jikh, relaying another source: Recession will happen

Said on May 9, 2022, at 0:42 in the video.

What was said
Andrei Jikh

@andreijikh

“one economics professor says that it's this kind of a situation with food and gas prices going higher that's going to put us into a recession”
Watch at 0:42Food Shortage Explained - It's About To Get Real
PredictionRecessionwill happen
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

RecessionWindow checkedRecession (NBER)
−0.200.20.40.60.811.2201920202021202120222023Said on May 9, 2022
−0.500.511.52019202020222023Said on May 9, 2022

NBER-based recession indicator: Federal Reserve Bank of St. Louis via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

global food price index we are now seeing food prices hit the highest levels they've ever been ever staples like corn highest it's ever been wheat highest it's ever been soybeans highest it's ever been not to scare anyone but this is kind of scary the united nations food chief said that the war in ukraine has caused a catastrophe on top of a catastrophe and will have a global impact beyond anything we've ever seen since world war ii and that means once again millennials will face a once-in-a-lifetime economic event in fact one economics professor says that it's this kind of a situation with food and gas prices going higher that's going to put us into a recession and when coupled with inflation is going to give us the worst possible economic outcome which is stagflation so in today's video i want to help break down exactly what is the cause of this food shortage and what's going to make it worse by the end of this year and how stagflation actually works and what it would take for us to get there so let's get right into it hi my name is andrei jake hope you're doing well let's talk about the food shortage because on one hand it's absolutely horrible but maybe it's a good way to solve

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