Yeah, the article is a lot of FUD as usual. One sentence I have learned you can completely ignore in life is "Economist predict...". That said, I am sure that at some point there will be a global recession and a bad one, but it never plays out in the manner experts envision. Moreover, there is reason for optimism, at least in the long term. Look at the tremendous advancements playing out in the AI/ML arena and its implication for drug discovery, medicine, you name it. As for personal finances, be fully diversified across a suite of index funds and have a sizable nest egg. "Markets can stay irrational longer than you can stay solvent" is the old adage.