{"podcast":{"title":"The David McWilliams Podcast","slug":"the-david-mcwilliams-podcast-512453","podcast_index_feed_id":512453,"rss_url":"https://feeds.acast.com/public/shows/20b97d01-ba9b-5fb0-9acf-161391a88cb0","website_url":"http://www.davidmcwilliams.ie/","image_url":"https://assets.pippa.io/shows/61b9fedc1a8cbefa383cf076/show-cover.jpg","author":"David McWilliams","episode_count":678,"summary":"The aim of this weekly podcast is to make economics easy, uncomplicated and accessible. With the world at a political, technological and financial tipping point, economics has never been so important to all of us and yet, it’s made inaccessible and complicated by so many. I’ve always thought what is complicated is rarely important and what is important is rarely complicated. That will be our motto. Every week we are going to tease out some big economic or political issue facing us, not just here in Ireland but in Europe and further afield. Globalisation has brought us all together. We all face similar challenges whether you live in Dublin, London, Minnesota or Milan. If you would like to enjoy all of our content ad-free and have early access to episodes, subscribe to DMCW+ on Apple Podcast. Want to join our crew? Join at davidmcwilliams.ie/crew , where you can enjoy ad-free listening, as well as exclusive bonus content such as premium episodes, our macroeconomics course, early access to episodes and pre-sale access to tickets for Dalkey Book Festival & Kilkenomics. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-07-06T18:19:51.080822+00:00","page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453"},"episode":{"title":"The Next Global Recession?","slug":"the-next-global-recession","published_at":"2026-04-02T03:00:00+00:00","page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453/the-next-global-recession","show_page_url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453","url":"https://shows.acast.com/the-david-mcwilliams-podcast/episodes/the-next-global-recession","audio_url":"https://sphinx.acast.com/p/acast/s/the-david-mcwilliams-podcast/e/69cd3a7f3908885dc4ca7b73/media.mp3","summary":"What does Muhammad Ali’s Rumble in the Jungle have to do with the next global recession? In this episode, we go back to the 1970s oil shocks, when a geopolitical crisis sent energy prices soaring, wealth flooding into oil states, and Western economies into deep recession. The pattern is striking: in 1973, 1979, 1990, and even before the 2008 crash, surging oil prices were followed by collapsing growth, falling trade, and rising unemployment. The numbers are brutal. Global growth fell from 6% to 1.4% in the mid-1970s. Trade swung from double-digit expansion to contraction. In Ireland, inflation hit over 20% and recovery took years. Each time, even when oil prices fell back, the damage stuck, factories closed, jobs disappeared, and economies never fully reset. Now it’s happening again. Another oil shock, another geopolitical crisis, and the same underlying vulnerability: we are still deeply dependent on fossil fuels. Ireland is now among the most energy-dependent countries in Europe, with some of the highest electricity costs in the EU. If every oil shock in modern history has triggered a recession, why would this time be any different? Who’s on the ropes now, and who’s about to take the hit? Hosted on Acast. See acast.com/privacy for more information.","meta_description":"What does Muhammad Ali’s Rumble in the Jungle have to do with the next global recession? In this episode, we go back to the 1970s oil shocks, when a geopo…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2658,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-david-mcwilliams-podcast-512453/episodes/the-next-global-recession/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-david-mcwilliams-podcast-512453/the-next-global-recession.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}