Are we heading towards recession ?

[Questat]

How can we make sure to survive the fall ?
-The current ups and downs in cryptocurrencies have certainly made it hard to breathe for the investors
-What can we do to make sure we survive the whole economic recession? ( Certainly don't put all your money in the banks )

Read the full article here : https://www.google.com/amp/s/www.zeebiz.com/economy-infra/world-economy/news-world-could-lose-4-trillion-in-economic-output-between-now-and-2026-worth-size-of-german-economy-imf-202209/amp

It is hard to accept the recession but this is really what we have now. And I see how it has shaken the global economic situation but has no reason to become weak and losses hope.  Just like how the previous bear season, we were almost down and think mostly negative but it was very fortunate to see a huge bounce back after a long bear season. And I'd learn not to think about it but rather give focus to what we can do in our life today and in the future as we have nothing to do with the recession but to remain calm and go straight to what we aim for.

[samcrypto]

It's been said for some time now that a recession is around the corner and it is just about to hit. There was definitely a post Covid boom, but with the Russian war on Ukraine that has thrown everything back out of order after two years of slow recovery. China is still attempting their crazy zero Covid experiment at the same time, which is really not helping the situation and can result in megasize cities going into lockdown overnight on a regular basis. That is simply unsustainable disruption to all kinds of supply chains, but maybe it'll change when dictator Xi Jinping has his little ceremony again this month. Hopefully Russia will simply leave Ukraine and thing can start to go back to normal soon, which might help stabilize the situation, but it feels like wishful thinking.

we are already in recession - everywhere there the business is collapsing and there is not stopping
Buying power of people has reduced - have you notice one thing that there is less rush on the roads because people are saving oil indirectly saving up their monthly funds.

The government still not admitted this, they say they are going into a recession but the situation tells that we are already in recession.
Worst case scenario can still happen though, better to save more cash with your hands and stop spending on unnecessary things, worst economy might still happen though. What's the best thing to do during the recession? I'm actually not expert to this since I'm too young for the last recession, have to prepare for this one.

[Jody.Drummer]

The government still not admitted this, they say they are going into a recession but the situation tells that we are already in recession.
Worst case scenario can still happen though, better to save more cash with your hands and stop spending on unnecessary things, worst economy might still happen though. What's the best thing to do during the recession? I'm actually not expert to this since I'm too young for the last recession, have to prepare for this one.

Government have double faces. They say one thing in public and they say the other thing in office.
The power game is horrible on thing which is in our hand is that we need to be financial independent to over come all this.

Speaking of the government, my trust in them has actually diminished. Especially when it comes to politics, in my opinion they are nothing more than a group of people who are hungry for power, although I also do not deny that there are also those who are very concerned about national interests.
A recession is already happening, it's just that it may not seem real. For some people say the recession is already happening because they got the initial effects of the beginning of a bigger recession. But some people who haven't felt the impact will say it hasn't happened yet. Ready or not, like it or not, we have to prepare everything when the recession really happens.

[G_Besar]

Government have double faces. They say one thing in public and they say the other thing in office.
The power game is horrible on thing which is in our hand is that we need to be financial independent to over come all this.

You also can't accuse the government of something like that if you don't have enough evidence to say such a thing. Because basically the government of any country always strives to make the country prosperous and the leader of the country is also elected by the people based on good criteria.

So in this case it is not appropriate to accuse the government without showing accurate evidence, because it can defame the government of a country. And I also don't understand why you are saying that here, but if I may ask, which government are you talking about? because I think not all state governments have double faces like you said that

[jaberwock]

Speaking of the government, my trust in them has actually diminished. Especially when it comes to politics, in my opinion they are nothing more than a group of people who are hungry for power, although I also do not deny that there are also those who are very concerned about national interests.
A recession is already happening, it's just that it may not seem real. For some people say the recession is already happening because they got the initial effects of the beginning of a bigger recession. But some people who haven't felt the impact will say it hasn't happened yet. Ready or not, like it or not, we have to prepare everything when the recession really happens.

Only on some governments maybe but there are some governments too which are honest. Sometimes it's also our fault on why we have a dishonest government because we didn't vote wisely. Meanwhile, I think the recession have already started because I too can feel its effects and even if the government lies about this, its effects will still arise later on and the public will smell it but maybe you are right that we are only at the early stage of a recession and the situation can get more worse later on so better be prepare for it.

There are practices which are laid out on public that we can follow in order for us to lessen its effects if we can not totally dodge it.

[yohananaomi]

The government still not admitted this, they say they are going into a recession but the situation tells that we are already in recession.
Worst case scenario can still happen though, better to save more cash with your hands and stop spending on unnecessary things, worst economy might still happen though. What's the best thing to do during the recession? I'm actually not expert to this since I'm too young for the last recession, have to prepare for this one.

the government should always do everything in a measured situation and determine the right time to say something about the recession, because it will obviously have an impact on the situation in the country. what the government is afraid of is unnatural turmoil. it is clear that the government must prepare for the worst situation that might occur, but all must be able to work together so that it can go through well and not get worse.

Government have double faces. They say one thing in public and they say the other thing in office.
The power game is horrible on thing which is in our hand is that we need to be financial independent to over come all this.

It must be understood like what you say, sometimes the government has to take such actions, to be able to provide peace for its citizens. so that it does not happen where it will create excessive anxiety, which will actually disrupt economic stability in the country. because of the disgraceful actions of some people who want to make a profit by hoarding commodities.

[Techkoy407]

in the current state of the economy, indeed everything must be calculated carefully,
because if it is not calculated properly, it will be more difficult if the recession is approaching.

I myself have started the first step, just in case when the recession comes,
in a way
• I increase my savings more, because it will be very helpful if the recession comes
• I now take into account my expenses more every day,
I only buy what I need, the point is to save more
• and I will now continue to take advantage of the opportunities I have.