A majority of Chief Economists at the World Economic Forum believe that a global recession is likely in 2023. What does this mean for you and the global energy prices? Also, how can you prepare for a recession? Listen in to Vikram Chandra.
#ThisWorld #VikramChandra #Recession
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BREAKING: Recession News
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The global economy has been experiencing a tumultuous ride in recent years, with economic indicators pointing towards a potential global recession. The current situation has created rising fears that the world could experience an economic downturn, similar to the financial crisis of 2008. The rise of protectionism, trade tensions, geopolitical risks, and monetary policy challenges have all had an influence on the global economic outlook. This article examines the rising fear of a global recession and its potential impact on individuals and businesses worldwide.
The biggest concern surrounding the global recession is that it has the potential to impact every country, regardless of its economic strength. The interconnectedness of the global economy means that a downturn in one country can have a ripple effect on other countries. Additionally, the potential impact of a global recession can be felt more acutely by those living in developing countries, where poverty rates and unemployment are already high.
The world economy started to slow down in late 2018-2019 due to the ongoing trade tensions between the US and China, and this has only been exacerbated by the COVID-19 pandemic. The outbreak of the virus has caused economies worldwide to grind to a halt, as countries have implemented strict lockdown measures to curb the spread of the virus. The current situation has resulted in businesses shutting down, jobs being lost, and supply chains being disrupted, causing a widespread economic downturn.
Central bankers worldwide have attempted to mitigate the impact of the pandemic by implementing measures such as reducing interest rates, introducing liquidity measures, and monetary subsidies to keep the market afloat. However, the likelihood of these measures staving off a global recession remains low.
The potential impact of a global recession is significant, with major economies potentially experiencing a sharp economic downturn. Countries such as the US, China, Europe, and Japan could experience significant economic contraction, leading to job losses, business closures, and decreased consumer spending.
The global recession could have significant implications for individuals worldwide. Job losses and business closures could result in increased poverty rates, homelessness, and food insecurity. Additionally, those with debt or mortgages may experience difficulty in repaying their loans, leading to home foreclosures and other financial setbacks.
Businesses, both big and small, are also set to feel the effects of a global recession. With a decrease in consumer spending, businesses across various sectors may experience decreased revenue and profit margins. Companies that rely on supply chains for production may also experience difficulties acquiring essential raw materials, leading to supply chain disruptions and decreased production.
In conclusion, the rising fear of a global recession is a significant concern. The current situation has the potential to impact individuals and businesses worldwide, leading to economic instability and hardship. Governments worldwide must take appropriate measures to mitigate the impact of the economic downturn and support those most affected by it.
Gr8ter fear than global economic recession or covid is the fact that the earth's core stopped rotation & will soon reverse . Deres a hollywood movie on this scenario & ppl have to detonate a nuke to get it restarted bec. Dat core generates the magnetic field which protects the earth from the sun , also the lava layer may reverse & pull tectonic plates in reverse. This change in spin direction happens @ interval cycles & geologists use it to calculate age of rocks for us it will probably damage all electronic equipment & food seasonal cycles etc. Nobody knows the effect it may have on the moon so 4get economic recession do a doc. On this topic.
Invest in skiing up and learning during the recession. You will come out on top when economy improves later on
Stop war
Can't u see unemployment, Can't u see the poor getting no work and getting poorer, can't Wion see no relief measures were given by the government? Non-sense. Indian people are already in Recession since 2018..wakeup
Climate Change No War Business. Fatal Damages Ten ZELLION NONALLION DISASTEREPORTOTAL
Maybe a depression were already in a recession
The greatest investment you can have is long term storable food. A water tank. And, if you can do it, a food producing garden.
The world has been in recession for nearly a year – a DEPRESSION is looming.
Indians are the smartest people i had ever met to the point i feel ashamed of my poor education.listen to the indian wisdome you won't regret it.
He is so negative
He is so biased I get it everybody but India
Are you sure that l India is safe in this case? I don't believe this, in India will be worse of certain other countries, but I never believed in analysts' analyses, I have noticed that 99% of the cases they get it wrong and then you in India are traitors, when in the world , they are trying to help Ukraine ,you as India look only to your interests , but one day you will pay for this selfish attitude if yours.
I don’t think India economy separated from global economy
Good anchors are leaving Wion and NDTV crooks manage to fill the gap
Thank you for your knowledge
This is why I am a minimalist and have been since [2018]1438 moslem calendar year
The US economy is going to crash and it will take the global economy down with it.
Only countries with large populations like India, China might bounce back relatively quickly, small countries & small economies will take a long time to recover, the smaller the economy, the longer.. .
This seems like the worst investing period. Started investing recently when the market prices were a bit high, today I am more than 60% down! Hopefully, the markets will go back up.
How to prepare…? first, get a haircut.
its the united state that going broke and there allies
this only effects the West as the east on the rise Russia irán China an there allies will be fine
we know this for 2 years ..
I'm so opportuned irrespective of the economic crisis and financial conditions I am still able to earn $33,500 returns from my initial $6,500 every 10days
Gee funny how EVERYONE is in a recession. must be controlled. who has all the monopoly money?
Buy gold and silver
Going to Heaven is easy!
We have all sinned and therefore need to be saved from hell. Believe that Jesus Christ is God and that he died for your sins, was buried, and rose again to have your sins forgiven by God. Salvation (Going to Heaven) is by faith alone in Christ alone without any of our good works. The Bible says “For by grace are ye saved through faith; and that not of yourselves: it is the gift of God: not of works, lest any man should boast.” Ephesians 2:8-9. STOP WORKING YOUR WAY TO HEAVEN.
Do you believe that you are saved by grace and promised heaven because Jesus died for you?
Yes_ No_.
“For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.” John 3:16