2023 has just began and already there are warnings of a global recession. For more, eNCA speaks to economist and markets analyst, Viv Govender. #DStv403…(read more)
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The world has been struggling to recover from the devastating Covid-19 pandemic that hit the global economy in 2020, which is now hounding us with even more hurdles in 2021.
The ongoing pandemic has led to complete disruption in the global supply chain and a steep drop in demand. This has had an enormous impact on the world economy, leading to widespread unemployment, business closures, and a severe recession in many countries.
The latest reports show that we are not out of the woods yet, and a second wave of the pandemic has hit several nations, causing more damage.
Many economic experts worldwide have warned of the looming threat of a global recession by the end of this year. This forecast may be shuddering news for both the world leaders and commoners who are already struggling with the economic crisis.
Several factors point toward an imminent recession that may prove catastrophic to the global economy. One of the most critical factors is the significant rise in unemployment rates worldwide, leading to low income and reduced consumer spending, which will negatively affect the business sector.
Another aspect to consider is the inadequacy of government policies to tackle the economic problems faced by people. Governments need to take bold steps, such as providing financial assistance to individuals and businesses and creating new jobs, to kick-start the economy.
Moreover, the increasing tensions between countries, the rising prices of commodities like oil and gas, and the continuous trade war between the two major economic powers, the USA and China, are also major causes of concern.
In the end, the only solution to this problem is global cooperation and mutual understanding to come up with a sustainable solution. We can only hope that the world leaders will show determination and commitment to address the growing threats in the global economy.
In conclusion, the warning of a global recession in 2021 is an urgent wake-up call for nations to act fast and take the necessary actions to minimize the impact on both the businesses and people. It’s time for policymakers to reevaluate their policies and accelerate their efforts to stabilize the global economy to avoid the worst-case scenario.
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What could be happened if a country under IMF Sanctions printing more and more theirs country bank notes and looking to open business channels for neighbors country? Really! Situations is very critical for Bangladesh.
Old news I've been listening to David icke for a very long time and he predicted it all
The only thing you can do is make sure you're ready and plan accordingly because recessions are a natural part of the economic cycle. I began my career during a recession (2009). Aerial acrobatics on cruise ships was my first job out of college. I've developed my own business, am a vice president at a large corporation, own three rental homes, invest in stocks and businesses, and have seen a growth in my net worth of two million dollars over the past four years.
Since the anc took over, south africa is permanently in recession
Passive income does have a way of liberating people, i remain eternally grateful to Mr Ethan Laird and his company for their efforts that got me to this point, finally payed off my mortgage and some crazy a** debts, what more could I've asked for
We're already in a recession,and heading for a depression,this will be a time like no other,even worse than the previous depression. My aunt hasn't been paid a salary for 4 months,in a recession people still get paid.
…..Duh!
As if we couldn't see this coming since 2020…..
This is not just an South African problem. It's a world problem. Google old towns and cities in the US they either close down or go bankrupt. Municipalities are like Ponzi's they must increase rates and taxes on people living on fixed incomes that can't afford it. see the reason why https://www.youtube.com/watch?v=7IsMeKl-Sv0&t=27s What make South Africa even worse is that the poor blacks don't pay for lights, water or taxes, thus putting additional strains on municipalities.
"global recession this year", as the TERRORIST NATION of the USA is causing these world wide recessions, because they only interested in MASSIVE PROFITEERING by the select few US rich & Wall Street!
This is how the capitalist system works, it has a BUILT IN recession every 4 or so years that keep the rich, rich and f's-over the people!
Nice timing, great video. Only if a good amount of folks do what you guys teach, just imagine how many millionaires we already have or will have in the future. Not the sad statistics where at least 50% of people are living paycheck to paycheck, even for high income earners. Great contents as always!
Politicians need their salaries cut in order for them to feel what we are going through
This will not be a recession, this will be the great reset……stock up people, stock up!!
SA has gone through a recession from 2002, we just call corruption and fraud
been warning about this since march 2021 when they kept the rates low.. they flooded the system with cheap fiat money!! brace yourselves this is only the beginning we are heading to a crash… don't expect things to go back to normal the world has been plunged into Chaos!!! its all down hill since the beginning on the planneddemic…
I just did some really difficult market related math,and I've come to the conclusion that if government officials keeps stealing at the rate that they are doing now they should be fully exempt from a recession.
It's the new world order, get used to it…
We are all ready in a resession