China's economic head start & a world accelerating into recession

GZERO World with Ian Bremmer

GZERO Media

Politics, News, Foreign Policy, News Commentary, Government, Geopolitics, International Relations, Ian Bremmer, Trump, Global Economy, Gzero World

4.7 • 830 Ratings

🗓️ 7 January 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What's in store for the global economy in 2023? Well, it's not going to be pretty. A raging war in Europe, sky-high inflation, and an unstable China will create strong economic headwinds in the year to come. But it’s not all doom and gloom. Globalization has brought prosperity to billions worldwide. And in the United States, the economy has made it out of the pandemic remarkably well. On the GZERO World podcast, Ian Bremmer speaks to renowned global economist, Dambisa Moyo, who says global inflation is not going anywhere, as the likelihood of a worldwide recession looms large. The US and China are moving into creating separate economic worlds, but are still closely linked. Although most of the world understands that they need to transition to cleaner energy, in the short term they still rely on “a hundred million barrels of oil every day.” Europe is creating what Moyo calls an “industrial Band-Aid solution,” rather than long term solutions to rely on energy from other countries. They discuss how these combined threats will affect the world economy this year. Host: Ian Bremmer Guest: Dambisa Moyo

Transcript

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0:00.0	Hello and welcome to the GZero World podcast.
0:05.0	This is where you'll find extended versions of my interviews on public television.
0:09.0	I'm Ian Bremmer, and on today's episode, we are looking at the state of the global economy in 2023.
0:16.0	That's a new year. And we're going to keep things in perspective.
0:20.0	Global inflation is not going anywhere anytime soon as the specter of a worldwide recession looms large.
0:26.6	And yet, for most of us living here on planet Earth now is the best time to be alive.
0:31.6	The alternative is not so fun.
0:33.6	Globalization has brought prosperity to billions worldwide and here in the United States.
0:38.8	The economy has made it out of the pandemic remarkably well. But will the threat of out-of-control
0:45.1	inflation and unstable China and a rogue Russia altogether spell disaster in 2023? That's what
0:52.9	I'm discussing with renowned global economist Dempisa
0:56.0	Moyo. Let's get to it.
1:01.5	The G0 World podcast is brought to you by our founding sponsor, First Republic.
1:10.2	First Republic, a private bank and wealth management company,
1:13.5	places clients' needs first by providing responsive, relevant, and customized solutions.
1:19.6	Visit firstrepublic.com to learn more.
1:22.7	As the world industrialized, nature suffered.
1:26.0	Conservation has been dominated by Western voices, but in Africa,
1:30.1	home to 30% of the world's biodiversity, African conservationists blaze a new path forward.
1:36.8	On Africa Forward, a podcast supported by African Wildlife Foundation and produced by FP Studios,
1:43.3	hear about green infrastructure, Africa's
1:46.2	tremendous biodiversity, and how African-led conservation may save endangered species, and the planet.
	...

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