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DISCLAIMER CONT’D: I’m just a random guy on YouTube so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet’s opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence….(read more)

LEARN ABOUT: Investing During Inflation

REVEALED: Best Investment During Inflation

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The COVID-19 pandemic has undoubtedly hit the world economy hard, leading to fears of a recession. However, some people are optimistic and asking, “Is the recession cancelled?” But the answer is not as straightforward as a simple “yes” or “no.” There are several factors that are critical to understand when examining the current economic situation.

One of the first issues is inflation. Inflation refers to the increase in prices of goods and services over time. Inflation is a common concern during recessions as it can lead to a decline in the purchasing power of money, thereby leading to a decrease in the standard of living. With governments across the globe printing trillions of dollars in response to the pandemic, there is a realistic fear that inflation could rise as demand for goods and services outweighs supply.

Secondly, there is the issue of de-dollarization. De-dollarization refers to the process of countries reducing their reliance on the US dollar for international transactions and reserves. Countries like Russia and China are leading the charge towards de-dollarization, and other developing countries are also considering this move. As countries reduce their reliance on the US dollar, the demand for the dollar will decrease, potentially causing the currency to depreciate. A weakening dollar could lead to an increase in US exports and perhaps lower the trade deficit initially. However, a lower-performing currency will affect the economy in the long-term.

Despite the optimism that economic growth will continue, it is clear that risks remain. The United States’ economy was already struggling before the pandemic hit due to trade tensions with China and other countries. With the pandemic, various businesses were forced to shut down or reduce their operations, leading to job losses and a decline in consumer confidence. Additionally, the fact that many countries and regions are now on the brink of a second wave of the pandemic will impact the global economic landscape tremendously.

In conclusion, it is clear that the pandemic has caused a significant economic shift worldwide. Although there may be recovery in the future, the effects of inflation and de-dollarization could pose significant challenges to any progress made. It is necessary to keep a watchful eye on the financial markets and stay up-to-date on government policies to ensure one is making informed decisions. We must remember that while a recession might be cancelled, its effects heavily persist, and we must work towards rebuilding a stable economy for the future.