Growing pains: a recession in recessions

成长的烦恼:经济衰退中的衰退

The Intelligence from The Economist

2025-12-23

21 分钟
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Recessions are, in their way, bad news. But so, paradoxically, is a lasting dearth of them. We explain the dangers that lie beneath the current run of continuous growth. Our correspondent looks into the hidden economics of online reviews, and whether to trust them. And a turkey-industry exposé that you'll just gobble up. 
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单集文稿 ...

  • The Economist Hello and welcome to The Intelligence from The Economist.

  • I'm your host Rosie Bloor.

  • Every weekday we provide a fresh perspective on the event shaping your world.

  • I bet you've used an online review recently.

  • Maybe to pick where to eat on holiday, what to watch or which toaster to buy.

  • The question is, who writes them, why, and should we trust them?

  • Amazingly, people have actually done academic research on this.

  • And we gobble millions of turkeys at Christmas,

  • and apparently some of us like to get to know a bird before we devour it,

  • or at least get to know the farmer who reared it.

  • Our correspondent assures us that no foul play was involved.

  • First up though.

  • To say that there's been quite a lot going on in the past four years is a bit of an understatement.

  • Health organisation officially announced that this is a global pandemic.

  • In a televised address at around 6am in Moscow,

  • President Putin announced what he called a special military operation in the eastern Donbas region.

  • President Trump, by the way, now saying we are in a trade war with Beijing.

  • Wars, trade wars, banking crises, pandemic.

  • These are normally a few of our favourite things to spark a downturn.

  • And yet, the global economy has kept growing.