This article talks about how the global economic outlook is declining due to inflation fighting efforts by central banks. Due to the recent war between Russia and Ukraine most of the efforts to fight inflation by the central banks have been difficult. This means there will most likely be a recession, but according to the article it says that this recession might not be as bad as others have been in the past.
The connection I can make from this article to the book is in chapter 3 “How to anticipate recessions and downturns”. This chapter talks about exactly what you would expect, anticipating recessions and downturns and how a business manager can take advantage of the early warning systems and more. This relates to the article because the central banks have tried to fight inflation and fight The recession, but in the end There will most likely be a recession to prepare for.
Reflect on what we learned in the course, find at least one chapter in the textbook where we discuss the related topic, and explain how the chapter(s) is related to the reported event in the article. Do this in at least 100 words.