Are we heading towards Recession?

[Meowth05]

I don't think that it will come to that, people are just quarantined. Though the pandemic clearly damaged the economy, I think it will not come to the point where companies are laying off their workers.

[Spaffin]

I don't think that it will come to that, people are just quarantined. Though the pandemic clearly damaged the economy, I think it will not come to the point where companies are laying off their workers.

It seems to me that we will not wait for anything else but a real economic decline and another economic crisis.  All markets are falling very actively, including even oil prices fell by more than 50%, but for some reason I do not see a decrease in fuel prices.  In addition, look at what is being done in each individual country, where quarantine makes its own adjustments to the economic development of countries.  People are not able to pay for utilities because they are not able to earn money.  Many enterprises are closed, which means they will not be able to pay taxes to the state budget.  And at the same time, prices even for products increase several times.  I believe that the problem has reached a global nature, which will not be so easy to fix.  In addition, one must take into account the fact that the financial complexity of each person will be enhanced by the fact that he will see the death of his own kind from the virus.  I believe that there is not only an economic crisis, but also a social one.

[bitbunnny]

It honestly just depends on how this whole COVID-19 thing plays out.

Part of me doesn't believe we are. As once this all is over, I wouldn't be surprised if people's wallets spring back out once they are receiving a consistent pay cheque again.

I agree that the whole situation and predictions depend on.situation with corona virus. Having in mind how it looks now it seems that it might last for a few months now and that is not good, that will definetely be trigger for recession.and no one can't predict how deep it will be and how long it will last.
Many people's existence will be endangered that is for sure and at current point I don't think that recession in most countries in the world can't be avoided anymore.

[Initscri]

It honestly just depends on how this whole COVID-19 thing plays out.

Part of me doesn't believe we are. As once this all is over, I wouldn't be surprised if people's wallets spring back out once they are receiving a consistent pay cheque again.

I agree that the whole situation and predictions depend on.situation with corona virus. Having in mind how it looks now it seems that it might last for a few months now and that is not good, that will definetely be trigger for recession.and no one can't predict how deep it will be and how long it will last.
Many people's existence will be endangered that is for sure and at current point I don't think that recession in most countries in the world can't be avoided anymore.

Especially w/ the unemployment rate for sure. For example, in Canada, EI (AFAIK) is really only intended to support the average unemployment rate. It's not meant to support a 50%+ unemployment rate, which, at this point, I think we're headed to.

I'm not going to say the economy is going to be destroyed. But I do think every country is going to be paying for this for years to come.

[verita1]

The Coronavirus will be affecting the global economy. We don't know how much damage can be. The virus has not yet been controlled and now the USA has the highest number of infected people. The measures to control the virus have not been the best. While the most developed nations are affected by the pandemic, the economic collapse is evident. However, at this point what matters most is to regain public health and find the antidote against Covid19. Then we will have the opportunity to give our best effort to lift the economy.

[iv4n]

We are heading to uncharted waters, something like this never happened before. Recession is possible, industry didn't stop working, but everything else is closed, some companies are losing money, some people are without income, some governments decided to print billions of dollars to help fallen industry and private sectors. What we can expect after all this nobody can tell, as I notice nobody can tell when will it end in the first place, in month or two or it will last longer?
There are many predictions about what we can expect, in one thing I am sure, there will be some changes, world will have to change and adapt, how that will happen we will see.

[figmentofmyass]

What we can expect after all this nobody can tell, as I notice nobody can tell when will it end in the first place, in month or two or it will last longer?

the latest projections say that coronavirus deaths in the USA will peak sometime in april and fall to zero by mid-july: https://www.ibtimes.com/coronavirus-usa-deaths-peak-april-14-covid-19-crisis-end-july-data-reveals-2949139

based on that, i assume we will start seeing restrictions easing and a controlled return to normalcy in may or maybe june at the latest. probably earlier outside of the USA, since the USA is clearly now the epicenter of the pandemic.

ideally most countries will follow germany's proposed model of issuing immunity certificates---you do mass antibody testing and allow all those who test positive to return to work early. anything to prevent months and months of endless lockdowns..... https://www.businessinsider.com/coronavirus-germany-covid-19-immunity-certificates-testing-social-distancing-lockdown-2020-3

[desticy]

If you look at the global market, there are lots of red flags which pointing towards a recession. Big corporates laying off lots of people and economy of big countries have other or no growth.

This is where marketing comes in.

Given how many financial problems and difficulties exist around, with the proper level of news support,
you can easily drive the crowd into a situation where they will think that Bitcoin is the most profitable purchase at the moment.

Remember the time when people sold their houses and cars in order to buy bitcoin, to be horrified after what mistake they made.
Therefore, everything will depend on where the market goes, and on where it will lead.

[wxxyrqa]

I think that under current living conditions the problems will be much larger.  If we compare the current period with past periods when there was an economic crisis, today much more people are in a difficult position due to the coronavirus.  almost all production facilities, supermarkets, hairdressing salons and other places that have always been visited by a large number of people are closed, and after all, workers and maintenance personnel no longer work in these places, since there is quarantine everywhere.  I think it would be nice to know the real information from the citizens of China, how people coped with financial problems during quarantine due to coronavirus.

[Xampeuu]

If you look at the global market, there are lots of red flags which pointing towards a recession. Big corporates laying off lots of people and economy of big countries have other or no growth.

This is where marketing comes in.

Given how many financial problems and difficulties exist around, with the proper level of news support,
you can easily drive the crowd into a situation where they will think that Bitcoin is the most profitable purchase at the moment.

Remember the time when people sold their houses and cars in order to buy bitcoin, to be horrified after what mistake they made.
Therefore, everything will depend on where the market goes, and on where it will lead.

trends can move many people to think the same thing, whereas it is like hype, which can one day explode. when bitcoin is soaring, many people buy it in any way. without them realizing the candle on the left there is no resistance to be addressed, so this becomes very risky if the flow of purchases continues to occur

[7788bitcoin]

I can say that recession is coming near because all that are happening now are obviously the signs of recession. This should not bring us negative thoughts when it comes to bitcoin because if we will still be able to manage our finances properly and grab the market by buying all those cheap but potential coins, then we will still make profits at the end of the day. Recession is nothing if we know how to handle it.

If there is a global recession then none of the market will escape the blood bath including the crypto market, the market is supported by fund houses and if they expect a recession in the coming months then they will cash out everything and wait for the market to settle and you know what happens when they make those decision, everything will bleed and the majority of the investment will go to gold but with the price of gold risen it is to be seen where the money goes if there is a recession now.

[Btc_1856]

It honestly just depends on how this whole COVID-19 thing plays out.

Part of me doesn't believe we are. As once this all is over, I wouldn't be surprised if people's wallets spring back out once they are receiving a consistent pay cheque again.

I agree that the whole situation and predictions depend on.situation with corona virus. Having in mind how it looks now it seems that it might last for a few months now and that is not good, that will definetely be trigger for recession.and no one can't predict how deep it will be and how long it will last.
Many people's existence will be endangered that is for sure and at current point I don't think that recession in most countries in the world can't be avoided anymore.

See most of the countries are affected by this Covid-19, there are some countries very serious about the lockdown in order to control the spreading of these diseases. Of course, the market situation cannot be estimated, but still, it is the right opportunity to grab some decent coin which is still low in the market.

[Sadlife]

It's still unclear with all the stimulus package and money printing to purchase bonds, stocks and debts the private banks could control the economy, anytime they pleases so a recession might take quite a long time before it happens because of the banks manipulation and liquid injections. It's up to the people themselves, if want to get out from this corrupted system.

[travwill]

I think that under current living conditions the problems will be much larger.  If we compare the current period with past periods when there was an economic crisis, today much more people are in a difficult position due to the coronavirus.  almost all production facilities, supermarkets, hairdressing salons and other places that have always been visited by a large number of people are closed, and after all, workers and maintenance personnel no longer work in these places, since there is quarantine everywhere.  I think it would be nice to know the real information from the citizens of China, how people coped with financial problems during quarantine due to coronavirus.

I find it funny that during the great depression there was simply no work around, now everything is the other way around, there is work but you can’t go to it.
So many will suffer, riots and rebuilding of the system may begin. Perhaps nature gives us a chance for this, to build a new healthy system for the planet and people on the ruins of the old.

[wxxyrqa]

I think that under current living conditions the problems will be much larger.  If we compare the current period with past periods when there was an economic crisis, today much more people are in a difficult position due to the coronavirus.  almost all production facilities, supermarkets, hairdressing salons and other places that have always been visited by a large number of people are closed, and after all, workers and maintenance personnel no longer work in these places, since there is quarantine everywhere.  I think it would be nice to know the real information from the citizens of China, how people coped with financial problems during quarantine due to coronavirus.

I find it funny that during the great depression there was simply no work around, now everything is the other way around, there is work but you can’t go to it.
So many will suffer, riots and rebuilding of the system may begin. Perhaps nature gives us a chance for this, to build a new healthy system for the planet and people on the ruins of the old.

Many analysts predict that after 2 months people will starve and fight for a piece of bread.  But on the other hand, NASA published data and images from space that during the quarantine period, planet Earth has improved its position in relation to global warming, because CO2 emissions from automobiles and large-scale production have been scaled down, as these plants are forced to stop.  During this period, not only the air performance in China and England improved, where there have always been problems with this, but the water has also become much cleaner, due to the absence of emissions of harmful substances.  I think that nature begins to destroy people with the virus in order to survive, because we ourselves are killing the environment.

[ufaiz50]

I don't know we are really going to recession or not, because the impact of this outbreak is greater and is starting to become a global pandemic, I hope there is no recession. I am sure that many economies in the country will decline, but is there a lot of economic loss with this pandemic ?? I was sure the recession was too far in my mind.

[TIDOVEE]

Is the recession you are talking about just in your country , in the cryptocurrency world or in the general world economy? Because I don't see recession anywhere now. My country has face her recession few years ago.presently, I don't think COVID19 is bringing the world into recession, because most countries only shut down their economy to pick soon, which is highly understandable.

[FanatMonet]

I am afraid that this situation can be much more dangerous than the 2008 crisis. Now people are dying, entire sectors of the economy can very, very seriously suffer, many enterprises will not recover, there will be a shaft of dismissal of employees.

[travwill]

Many analysts predict that after 2 months people will starve and fight for a piece of bread.  But on the other hand, NASA published data and images from space that during the quarantine period, planet Earth has improved its position in relation to global warming, because CO2 emissions from automobiles and large-scale production have been scaled down, as these plants are forced to stop.  During this period, not only the air performance in China and England improved, where there have always been problems with this, but the water has also become much cleaner, due to the absence of emissions of harmful substances.  I think that nature begins to destroy people with the virus in order to survive, because we ourselves are killing the environment.

Very sound thoughts. The main question is what is the nature of Covid-19 man-made or natural.
I am more inclined to your point of view that nature cleans sick individuals of the human species. After all, it was consumption that led us to the current state of the planet.