How past equity underperformance fails to predict the future

Despite some obvious parallels between our current economic climate and that of 1973, the re-opening of the US economy is predicted by T.Rowe Price to keep the country from facing a recession. After assessing seven geopolitical and commodity shocks from the early 1970s to the present day, T.Rowe Price has used this data to analyse the potential of equity underperformance, with the past being an indicator of whether this is likely to occur in the modern day. T.Rowe Price explores the recession risk, drawing parallels between the current oil shortages as a result of the Russia-Ukraine crisis,...