China's reopening from pandemic restrictions could drive global growth beyond expectations and help avoid a broader recession even as some of the world's largest economies struggle to overcome a downturn, top finance officials at the World Economic Forum said.
**_The threat of a U.S. recession remains alive in 2023. The consensus estimate on the probability of a meaningful downturn in the American economy in the next 12 months is at 65%, according to Goldman Sachs Research. But our own economic analysis rates that probability much lower, at 35%.
In my June 18 post below I discussed why even if there were a recession in the year ahead, investors had plenty of reasons to find a ray of sunshine - particularly those invested in commodities. As Benjamin Franklin once said, "Out of adversity comes opportunity." And as @jenstilmanydots can guarantee you, life is more enjoyable when you're an optimist...
Recession talk - doom & gloom sells. I like to look at potentially positive news as well.
If you're invested in commodities, here are a few reasons to remain optimistic - hope you'll read if the market has you feeling down.
In my October 29 post, I included a podcast about commodity performance during a recession. No matter how bad things look, there is ALWAYS opportunity if we choose to look for it, but perhaps 2023 isn't looking so bad after all.
Now do yourself a favour and add this one to your playlist: