The world economy is in recession

[ultrloa]

At least for the United States, we are not in a true recession yet..

"What is a Recession?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". https://www.investopedia.com/terms/r/recession.asp

"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.

Simply put, inflation hits household finances. A prolonged period of inflation means that prices will continue to increase and the same amount of money will buy you less and less over time. Wages tend to rise naturally during inflation to compensate for this, since inflation is a byproduct of a surge in demand, meaning economic growth, but people with fixed incomes like pensioners have no such luck in that case. If inflation gets out of control, everyone feels poorer". https://fortune.com/2022/06/08/what-is-inflation-recession-consumer-expectations-gas-prices/

Assuming I agreed there's no recession in the US but let me ask you a question.
Do you think the institution investor choose BTC because they like it after every negative things they said about it? No, they choose it because they feel the present of recession and BTC is the only decentralized cryptocurrency that proof to be an answer to their problem.

Neverthless, Kim Dotcom who's know as digital entrepreneur also make an interesting tweeted about world recession

Nope because the high volatility of bitcoin will make them think that they are in the wrong place to put their investment with and for sure they get dismay when seeing the historical statistics of bitcoin so maybe they will choose more reliable assets like gold over anything else because this one can protect their money out of inflation and the price could even rise over the years by storing it. But for sure many institutional investors now are considering bitcoin as part of their investment because the potential for growth is so huge on it in future.

[adaseb]

In the US we might be in a recession, we won’t know until the GDP numbers are released. However the way I think it works is that if there is a negative growth, that means the recession started on the beginning of that period and not the end.

The way things are right now most likely it will be negative and recession will be confirmed. The rates are not raised fast enough and unemployment is just way too low. Low unemployment means lower productivity and higher wages and higher inflation.

[KingsDen]

At least for the United States, we are not in a true recession yet..

Many countries including the United States might be in the lane of recession unaware to them. This is because recession is measured quarterly with respect to GDP, unlike inflation that has immediate effect on the economy.

Though inflation and recession differ, but they complement each other. Consecutive inflation gives rise to recession.
So, as things are unstable and inflating, it is an indication that every country is in the lane of recession

[Cryptodebjoe]

Russia has proven that they where somewhat the powerhouse of European economy and this current recession will extend to America if the war doesn't end soon.... This invariably is affecting the world...

[Markinzo]

In the US we might be in a recession, we won’t know until the GDP numbers are released. However the way I think it works is that if there is a negative growth, that means the recession started on the beginning of that period and not the end.

The way things are right now most likely it will be negative and recession will be confirmed. The rates are not raised fast enough and unemployment is just way too low. Low unemployment means lower productivity and higher wages and higher inflation.

I strongly believe that the advance states of the world are very good in covering every loopholes that will signal an already existing recession in their respective states. This is quite so due to a strong working system of market price regulations of goods and services when compared to many third world nation's that lack this ingenuity.

Many third world countries seem to look much hittwd by recession due to lack of workable operational systems and institutions. With a porous economy of recession will surface wih ease with a bit on the citizens as prices of goods and services skyrocketing on daily basis especially with weak
a institution responsible for price regulation and inspection, capitalists can make the situation look more miserable in their drive for profit after profit.

In conclusion, recession is a current problem for every state of the world but it seems differently cause of the strategies applied by the different state in tackling it and so the effect on each state differs.

[Piesel]

If you say global meltdown I will agree with you but saying the world is in a recession is an overstatement and that can not be proven, there is a big difference between recession and inflation or economic meltdown down so get that straight.