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jkintalks, industry influencer, warns that recession risk in Europe is increasing. The influencer points out that although the 2022 energy shock following Russia's invasion of Ukraine was more severe, growth at that time was higher due to the post-COVID rebound. Currently, with growth near zero, jkintalks cautions that this latest shock could push economies into recession.
Brooks has previously cautioned about risk buildup in global markets. He recently highlighted complacency in global debt markets driven by unchecked fiscal policy and inflation. In another note, Brooks compared Turkey’s current reserve losses to earlier patterns, citing a shift to gold after a high-profile mayor's arrest.