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I read somewhere that this only seems to be an indicator for the United States.

For the rest of the world it has not been a predictor. Unfortunately I can’t remember where I saw the article in the past day or two.

German is already entering to recession so the rest eurozone will follow very soon. https://www.theguardian.com/world/2019/aug/07/german-industr...

Also Chinas economy is slowing down but the problem is that probably nobody knows how much.

There are a number of countries cutting interest rates to attempt to help their slowing economies.

Were German yields inverted 18 months ago?

The inverted US yield curve is supposed to predict a US recession.

It doesn’t say anything about the rest of the world.

I saw this also. I saw it as a post on The Economist's Instagram. I didn't read the full article.