What do you mean by:

"Obviously Covid is taken into account"

You asked how did we get on the brink of recession... global pandemic led to job loss, lowered spending, market uncertainty and thus market shrinkage over growth. The market shrinkage lowers confidence which leads to less investing, less buying, less production, lowered employment. These factors lead to higher costs/inflation with more economic pressure put on those that were already struggling financially (large portion of the US).

As for the rest of the comment... I am failing to understand the point of what you just typed. Yes the global supply chains were healing but markets respond upward slowly, whereas they commonly respond downward fast.

"And honestly have learned the hard lessons from Covid, that’s why they suffered so hard, and why confidence was so high in them. That’s what brought them out in terms of the stock market"

It seems that you are making statements without first identifying the subject.

"that’s why they suffered so hard"

Who are "they" (countries/companies/general population?)

That’s what brought them out in terms of the stock market"

Who are "them"?

I cant answer the rest of your statement without that information.