Is recession coming actually?

[HELENA22]

Looking at it in general economical aspect This speculations regarding recession is not surprising if we look at how inflation has drastically risen since the covid pandemic. This has also prompted the rise in interest and causing rise in eventually almost every commodity making it difficult to businesses and to even save. Economic experts have said if the inflation doesn't reduces then it is most likely for recession to hit.

Another area which may push in recession is the war between Ukraine and Russia. Since the start of the war the supply of energy to other countries by Russia has reduced, this could also drive in recession.

You say what I want to express, the epidemic is a big reason. Although the attitudes of many countries and governments are very open and do not regard the epidemic as a terrible thing, the overall global trade activity has decreased a lot.

[1715067140]

1715067140

[Celinena]

Epidemic, war, economic recession, always invade at the same time, now everything is getting more and more expensive, money is becoming less and less valuable, this is the financial crisis.

[tygeade]

Truly we are in a full blown global recession, many companies had started downsizing, it was twitter last week now facebook sacked 11,000 and many other organizations had sacked many of their employees blaming the slow growth of income as a result of global recession caused by Covid-19 unfortunately this is happening at a time when many countries are battling with Energy shortages, the consequences of the current recession will trigger a lot of hardships especially in third world countries with low GDP thus subjecting their citizens into abject poverty it's up to the government of respective countries to deploy every resources to tackle the recession.

This also means that with the downsizing of those companies, there will be a lot more unemployed people, and that means there will be a lot more people accepting less pay, and due to inflation, there are a lot of people who cannot afford many things, and that means there will be a lot less profits for the companies and goes in a cycle.

This means it will keep happening like this forever, because companies will not make any profit, then fire people, those people cannot buy things, and companies have less profits... it just goes on. To stop this, eventually rates will go down, and companies will take huge loans, show that as a loss and not pay taxes, and then they will end up with some good investments and hire people.

In order to break that cycle most of the time governments make the interest rates lower, and that will stop everything.

For now, if they do it right away, inflation will not be stopped and everything will be more expensive, and to be honest even if nobody does anything with time inflation will slow down, what went from 3 dollars to 5 dollars won't go to 7 dollars, it will stay either at 5 or max be 5.5 dollars, in nations with super high inflation that’s the same logic, you could live in a place where a thing worth 3 dollars went to 8 dollars, but it won't go to 15, it will go to 10-11, all of which means it will slow down. At that point they will slowly drop the interest rate, forcing companies to invest into more work and more profits and hiring more people.

[wxa7115]

I hope people don't freak out too much with the news about the Recession. We have to stay calm but also have to prepare ourselves. And a recession for some countries has even happened. but when it comes to the Global Recession then that hasn't happened yet. but the indicators that point there are already visible, such as the rapidly increasing inflation rate and banks that continue to raise interest rates, which is also one of the indicators that points to signs of an imminent recession. But some countries now have lower inflation rates. so I think the economic crisis that will occur will not be as bad as what has been reported for several countries. but for some other countries, the economic crisis may indeed get worse. we don't know about the future. but preparations must be made from now. do not complain. and do the best from now on.

The fundamentals of each economy are different, so while some economies were able to endure the pandemic and the war with some small problems there are other economies that are suffering greatly because of those two factors which have affected the economy now for years.

So it is important to also prepare ourselves, as we do not know how bad things could get where we live, something that is difficult to do as the economic crisis has lasted for so long that I have my doubts too many people have the resources needed to protect themselves effectively from the upcoming recession.

[Sebas.tian]

Yes, the recession is actually coming, which the governments need to do something fast that will make the recession not to happen in this season of celebration, because many people are experiencing it from the price of commodities in the market. I think, many governments are seriously working to ensure they stop recession, so that it will not reduce the global economy than to make the global economy function in a way many sectors will beginning to feel the impact of the governments. I don't think, what happened to the global economy last year during the pandemic will not happen again, because there are many tools the governments have made available to stop recession.

[Riodarvg]

This also means that with the downsizing of those companies, there will be a lot more unemployed people, and that means there will be a lot more people accepting less pay, and due to inflation, there are a lot of people who cannot afford many things, and that means there will be a lot less profits for the companies and goes in a cycle.

This means it will keep happening like this forever, because companies will not make any profit, then fire people, those people cannot buy things, and companies have less profits... it just goes on. To stop this, eventually rates will go down, and companies will take huge loans, show that as a loss and not pay taxes, and then they will end up with some good investments and hire people.

Since the Covid-19 coronavirus pandemic, the economy has entered a period of recession. High inflation and rising unemployment both attest to the economic hardships ahead, but the economy is at greater risk.

[LogitechMouse]

First of all, what is the basis of a country is in a recession?
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.

I mean whether a country is in a recession or not doesn't matter. What matters now is how people got affected by all of what's happening worldwide especially those high inflation from every country. Prices of commodities going higher, salaries can't cope up with the expenses that most people are finding a secondary source of income, employees resigning from their job either because it wasn't enough for them to sustain their daily lives or maybe they want to work from home, etc. etc. Whatever it is, people around the world are having a hard time right now and if you expect that we will be better in 2023, I expect the opposite or at least it might continue until 2023.

[stompix]

First of all, what is the basis of a country is in a recession?
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.

The data for Q3 has been already out for months

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis.

https://www.bea.gov/news/2022/gross-domestic-product-third-quarter-2022-advance-estimate

Common, it's November why do we still talk about Q2?
With this growth, the whole technical recession drama has been postponed for the next year!

High inflation and rising unemployment both attest to the economic hardships ahead, but the economy is at greater risk.

What high unemployment when both largest economies post record levels of employment?
https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220928-2
https://www.ft.com/content/1f3a7a41-daa8-49c5-ab51-3c0822421e40

[monineklutak]

No, the recession isn't actually coming because it's actually, really here already, in a rather global manner.  Truth be told, globally, we've been in a recession now for about a year, esp when considering "first" world countries.

It is true that without us knowing it, a recession has actually occurred and it is inseparable from the consequences of the war between Russia and Ukraine,
even so we don't panic and still face everything calmly,
but we also need to be careful and wise in making decisions

[royalfestus]

No, the recession isn't actually coming because it's actually, really here already, in a rather global manner.  Truth be told, globally, we've been in a recession now for about a year, esp when considering "first" world countries.

As a result of the uncontrollable rise in prices of essentials, forecasts say the recession will peak in 2023. (https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes)
Unfortunately, at the moment, government policies do not translate into corresponding results.

[YouYou0321]

Recession will always come because all countries continue to print money, while production does not increase significantly, a natural thing as long as we can increase income, and never complain when recession, from now we must be active to increase income.

What is even more frightening is layoffs. How do many people live at home when they are unemployed? The price of BTC can’t support it anymore. Take me for example, I travel at least twice a year and buy one or two luxury items, but this year I have nothing Buy, not going anywhere. What an obvious Great Recession.

[Adamlaria]

The GDP of the United States has fallen for two consecutive quarters, falling by 1.6% in the first quarter of 2022 and 0.6% in the second quarter. Such a situation would be counted as a recession in most countries, but not in the United States.
Instead of a full-blown recession, the economy will slow down gradually.

[Gyfts]

https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html

Amazon is planning on laying off 10k employees, first sign a recession is inbound. Some employees are working on the devices division of Amazon, others are in the retail division. Retail sales peak during the end of the year so it's a bit unusual to see layoffs prior to this peak and before a recession has even been declared.

Generally, employees will be retained during recession for as long as possible for letting them go, oppose to presumptive firings. I suppose Amazon is projecting their revenue to really slump.

[roslinpl]

Many people influence the economy now and economic activities.But the government had a control over it by the money flow to the economy.Sometimes they increase the flow into the economy and make the people to use the money to increase the demand.This will happen at the time of inflation occur at the economy.Economic recession will occur at two phase.One is cost push and demand pull inflation.Both the price and demands will interfere the inflation and further to economic recession.

[mich]

Well this is a recession right now we are witnessing and getting out of a financial hole can be a struggle but it doesn't have to be such a bad time. Many people become depressed at times like this because of the 'bear market' and loss of profits.
There was a time I was in serious debt and thought I would never get out. I got seriously depressed, I mean I got pretty bad there for a while. I started only seeing the negative in my circumstances.  
After talking to a friend at some point I got introduced to meditation around that time and started practicing regularly. The debt was still there but I wasn't as stressed about it. I realized it was much easier to live simpler, spend less and enjoy the process of digging my out.
I eventually did pay off my debts, partially it was due to a lucky investment but I also think it had a lot to do with getting out of the negative mental trap I was in. If I had any advice I would say get your mental health into a great place and then focus on the debt, at least that worked well for me.

[Vinaa77]

What is even more frightening is layoffs. How do many people live at home when they are unemployed? The price of BTC can’t support it anymore. Take me for example, I travel at least twice a year and buy one or two luxury items, but this year I have nothing Buy, not going anywhere. What an obvious Great Recession.

When there are bad things that you don't want to happen around you this year, then try to see more opportunities in different things than you usually do to sustain a better life during the current great recession. Because blaming bad conditions at this time will not help you much to get something more luxurious than the previous year. So try to work differently when conditions are no longer working as they used to.

[BigBos]

So far, from what I have examined, the recession is indeed a big threat for every country that feels it has the potential to be hit by a recession, so that in certain countries after the announcement made by the world bank. then after the announcement was made, the institutions of each country held a plan for handling and anticipating in each region.

like the United States which raised interest rates aggressively to handle it, if this is not done there will be the potential for stagflation or a situation of slowing economic growth accompanied by rising prices (inflation).

The last time I saw the announcement of The Federal Reserve raising interest rates continued to 75 basis points 3.75% - 4% according to market expectations on 3/11/2022.

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

[Maidak]

...

I think if this is carried out massively and orderly the recession that everyone is afraid of will pass quickly.

If the Fed continues to raise interest rates at high levels, inflation will fall rapidly, but too high interest rates can also lead to a recession. As far as I see now, we have not really entered a recession, although the crisis is still very serious, the unemployment rate is still not too high and the demand for spending has not fallen seriously. It can be said that we have not entered the recession period yet, recession and crisis are quite similar, but recession will be much worse than now.

[CageMabok]

Recession always comes and is difficult to control, I don't know whether it happens in all countries, but what I feel is the item that I usually buy becomes more expensive and a lot of need to eat is also more expensive and continues to increase every year, moreover the current season's conditions are very difficult to guess And often unexpected, for example, floods or other natural disasters occur.

Natural disasters and floods which can cause raw materials for the production of goods to become scarce and hamper public transportation services in carrying goods are things that greatly affect the increase in the price of food and necessities of life at this time. Because I see this very seriously, which is indeed the reason for the increase in the price of goods in addition to the recession in several countries, which may cover the world this year.

[Semar Mesem]

What I feel now is that the economy is more difficult than a few years ago, I work in an office with a monthly salary of around $450 per month and usually before receiving my salary I have run out of money, I have felt the recession and have felt it more since the last 2 years.