The global economy has been throttled by inflation, and then the rising interest rates that central banks are using to try to tame it. Now, countries are facing a major challenge, as various nations slip into recession. It's getting harder and harder to use deficit-spending to prop up social programs and socioeconomic subsidies to help people affected by recessions. The World's host Marco Werman talks to Michael Klein of Tufts University, who also runs the nonprofit, nonpartisan program, EconoFact, that seeks to translate the economy for the rest of us.
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