Do you feel that the global economy is declining?

[MissNonFall9]

A society cannot be judged by the information obtained from any one individual. Here it is completely impossible to assess the economic condition of the entire world based on one person's data. But it may be that the country where your friend lives may be a problem but I don't think it will have much effect on the world economy. But the whole world economy is very challenging to survive. Here the economy favors some countries and some individuals. The rich that is made is in the ongoing process and the poor remain poor.

[Argoo]

With global conflicts, we can't expect things to get better anytime soon. I think the US is to blame for this. If it hadn't shown signs of weakness, Russia would've not invaded Ukraine nor Hamas would've attacked Israel. We are where we are because of the US' actions. At least, that's how I see it.

Now America must act to restore global peace before things spiral out of control. Would you imagine another conflict between two countries (China vs Taiwan) besides the ones taking place already? It will worsen inflation to a point where only the rich will be able to survive. It's a dark future out there, so we can only hope for the best.

I agree that the current not very good state of the world economy and the increased number of military conflicts in the world occurred precisely because of the weak position of the United States, which allowed this to happen.

Russia would not have launched a large-scale military invasion of Ukraine in 2022 if the United States and NATO countries had responded properly to Russia's military attacks on Georgia in 2008 and Ukraine in 2014. By invading neighboring states with tanks, Putin saw absolute passivity on the part of world powers, and above all the United States, and regarded this as a sign of weakness and encouragement to go further. Putin believed in his impunity, which led to the current situation with numerous military conflicts and we see that the situation, in fact, only continues to worsen.

[Minor Miner]

Personally I think the year 2024 may go through economic uncertainty. Currently, conflicts between different countries are increasing, and even wars are going on between some countries. But I think the biggest economic impact can be on the countries located in Europe. Due to the increase in oil prices due to the war in the Middle East, European countries are having to pay extra for their oil imports. In addition, the world's leading central banks have increased interest rates. The current situation will weaken the global economy, reduce inflation and increase unemployment.

With global conflicts, we can't expect things to get better anytime soon. I think the US is to blame for this. If it hadn't shown signs of weakness, Russia would've not invaded Ukraine nor Hamas would've attacked Israel. We are where we are because of the US' actions. At least, that's how I see it.

Now America must act to restore global peace before things spiral out of control. Would you imagine another conflict between two countries (China vs Taiwan) besides the ones taking place already? It will worsen inflation to a point where only the rich will be able to survive. It's a dark future out there, so we can only hope for the best.

But why is the United States responsible for what is happening in the world? Are they messengers of world peace and responsible for world peace or are they the cause of all this? If you notice most countries in the world are falling into serious recession and inflation while the US economy is not as bad as other countries. Even their USD index is still very strong compared to other currencies, it's like they are looking to export inflation to the world rather than help the world.

Not to mention the war is going on in many different regions of the world but they are the ones who are providing the leading weapons, they are the ones who are gaining a lot of benefits from the war. Do you think they want the war to really stop?

[Awwal08]

Global economy is really declining, inflation as affect many people especially Nigeria citizens, the rising in prices of the commodities has pass my imagination, prices of commodities are rising higher and the salary is not enough to spend, in our economy now the amount of money you will use to buy food for a day is the same amount that you will use to buy food 10 days before, imagine a man that is from a family of 20 receive 80,000naira as salary per month, when a mudu of rice is  N3,000, talk less of the ingredients, bills, fees, house rent, transport and soon, how many days will the family eat in a month, if the man only depend on the salary, if you calculate the salary or wages that some people receive in a month, it will not be enough for them to fulfill their one day responsibilities.

Government should be aware that a lot of people are suffering due to global economy decline, so I suggest that as the prices of the commodities increased, the salary should be increased higher, so that life of every citizen should be balance.   

[Baki202]

A society cannot be judged by the information obtained from any one individual. Here it is completely impossible to assess the economic condition of the entire world based on one person's data. But it may be that the country where your friend lives may be a problem but I don't think it will have much effect on the world economy. But the whole world economy is very challenging to survive. Here the economy favors some countries and some individuals. The rich that is made is in the ongoing process and the poor remain poor.

It is true that it is not all information we belief but their is no smoke without fire even if what they said are not all true their is an atom of truth because people will not say what they don’t know. Every country that is not a producer but a country that is based on consumption. Their are things that affects the economy so it is better for the country to be a producer than been a consumer because it will even boost the economy of the country because if you look at a country like china they are more into production so they are able to balance things up from both side that is production and consumer. Countries needs strategies like this to be able to improve the economy of the country.