Is recession coming actually?

[Yatsan]

If the leaders of some countries are not ready to stabilize the economy their country e.g Nigeria, recession may set in soon.

Recession would come no matter how prepared or not a country is. It is a reflection on the world economy and is 'somehow' cannot be stopped in an instant; it will cost more than that. Smaller countries has no choice to be carried away by the waves of economic recession. It is a battle of endurance between each of the countries' economy. Those which are bigger would be able to cope longer than weaker ones.

But there is also high inflation and prices of goods and services are actually rising. People on the ground are actually having a hard time. Savings are now shrinking due to high living cost. Everything is getting more and more expensive. So while there are indeed jobs, salaries are not catching up with the higher cost of living.

This is more evident at the present compared to employment rate. Everyone including rich and poor ones are affected by the price hike of almost everything.  One factor according to an article I have read on social media is continuous growth of population wherein it over powers market supply therefore creating huge demand which is hard to handle, and also, yielding to price hike with market goods.

[teosanru]

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

It's coming? It has already come. Where do you see GDP rising? Last GDP estimate was of following only we just need one more Negative GDP estimate to offically call it a recession and generally you see the exact definition is slightly flawed what matters is the market conditions extreme inflation accompanied by extreme unemployment and political instability in many countries is a clear indication of recession. It's just that the exact reflection of it is yet to happen in traditional markets.

[Marykeller]

We're not only heading to the recession, but rather we are in the recession already. The whole world is experiencing a global recession, I don't think some countries are exceptions to the economic recession already. which is why you see inflation in food, goods and services products. What triggers the global recession we experience right now, is the convid-19 pandemic that happened 2years ago. The whole world is yet to recover from the damage it caused to the world's economy.

[woez]

A recession means that the economy is not growing and there will be a decline in sales and revenue. It's all about sales, revenue and profits. If this goes down then it is a recession for the company or the country. And the recession spreads like a cancer virus. You will feel the consequences in your work, the cost of goods and thus your lifestyle will decrease day by day.

Everyone should think when they are saving that what if a situation comes in the future and when it will come then plan well to deal with the situation well.

So we have to spend a little less from our income to save money to deal with any future situations like layoffs, hotel bills, etc. This is the final conclusion that recessions are not good so we should avoid them as much as possible but it might come in the form of war or something like that because nothing can stop them from coming.

So be prepared for everything even if good results give but don't go through high level spending either otherwise you might end up in a debt trap or start living on loans.

[kryptqnick]

Like many in the thread, I think recession is already here but that it will get worse in the near future. Depending on your current social status and country, you can become more or less affected by it. My country is in ruins, both literally and economically, so I expect my financial situation to deteriorate, and I'm trying to brace for a rough couple of years. But if you're middle-class or higher in a developed country, you'll notice that you can now afford less than you could afford before, but no huge life changes will probably be needed, unless you get hit with serious unlucky events, like if you're a business owner and your business is suddenly in much less demand because of decreasing purchasing power of others.

[Gallar]

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

I don't think a recession will come, things like this are natural, because all countries have just been hit by the corona virus outbreak, it's natural for the economy to weaken.
but that doesn't mean there will be a recession, maybe in a few years it will recover.

[gantez]

I don't think a recession will come, things like this are natural, because all countries have just been hit by the corona virus outbreak, it's natural for the economy to weaken.
but that doesn't mean there will be a recession, maybe in a few years it will recover.

With the general feeling of economic hard times and cut of jobs, it is looking like recession coming. It may not be hitting in all continent at once but people are feeling the heat from the high cost of bills, high inflation rate. Some of these are already happening. See the signs of recession here

Decline in real GDP.
Decline in real income.
Decline in employment.
Decline in industrial production.
Decline in wholesale/retail sales.

[Fortify]

I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

If we consider Covid to be an anomaly that caused an unexpected recession due to the effect it had on supply chains while also messing up consumer demand, then we were already well over due for a recession by the time it arrived. It made a relatively mild correction and recovered very fast, to the point that it is an economy after thought and the next crisis is brewing. It seems like inflation is going wild at the moment, it's starting to filter through to mortgage rates which will eventually bite the lowest and middle income earners the hardest. Energy prices shot up (although they are coming back down) and that feeds through to almost everything we do and buy - it appears to be the next instigator for recession.

[Lak93xy]

AS always, the question is not whether is it coming but when is it coming. We've been in this financial experiment for far too long by now, so the bubble has to burst eventually. The question is where and when does the actual crash kick off that takes the rest of the poisoned market with it?

[coolcoinz]

I think it's not coming.

Have a look at how the media portray Chinese economy as in bad shape and on the verge of bankruptcy while in reality it's still growing, just slower than it used to.
Why I think it's not happening? Because there's so many doom prophets on youtube who are sure that it's coming and the stock market will fall by another 30-50%.
What do these people have to gain? They make money on this! They sell their predictions and make money in various ways. A good example is Peter Schiff, who is trying to make the world think that everything is going to crash but gold. Gold that he'll help you buy
There's also a number of bitcoin traders who want to scare you from buying because in their opinion bitcoin has to correct 85% because it used to do that in 2014 and 2018.

[STT]

I would state it the other way round, accounting for already current and past inflation we have had a negative GDP relative to that for a few years at least.   Quite a big clue is the decline in wages relative to simple costs like food, the purchasing power parity is declining even for those in employment.  Its part of why creating new money is popular with governments is that it hides low growth because inflation is creating higher nominal numbers and the accounting is variable for actual value of the currency.

[Tallupooh]

I think a recession is really coming. Just look at today, the world is getting more advanced and more sophisticated. but behind it all, the earth we live in today is increasingly fragile and old.

Inflation is now higher and there is always a lot of chaos. I think the more advanced the world is, the better chance we have of approaching a recession.

[wxa7115]

AS always, the question is not whether is it coming but when is it coming. We've been in this financial experiment for far too long by now, so the bubble has to burst eventually. The question is where and when does the actual crash kick off that takes the rest of the poisoned market with it?

It is that simple, “what can’t go forever, won’t” the system that is currently in place has no hope to keep going on forever as at some point a breaking point will be reached and it will need to be replaced by another one.

What we do not know is when that will happen, some speculators have been predicting this for decades and it has not happened yet, and there are reasons to believe governments can still manipulate the markets for a few more decades, and if that is the case it is even possible many of us won’t witness the end of the current system.

[Raflesia]

If the leaders of some countries are not ready to stabilize the economy their country e.g Nigeria, recession may set in soon.

I personally feel that for now with the weakening economic condition, regardless of whether we are ready or not, it will surely come no matter which country is certain, even for a strong country, it will definitely benefit from this.
We know that the current state of the US economy is starting to worry that they are actually a country that has a really large economy, especially with a smaller country.
It's not a matter of being ready or not but we certainly feel that way.

[Fara Chan]

I personally feel that for now with the weakening economic condition, regardless of whether we are ready or not, it will surely come no matter which country is certain, even for a strong country, it will definitely benefit from this.
We know that the current state of the US economy is starting to worry that they are actually a country that has a really large economy, especially with a smaller country.
It's not a matter of being ready or not but we certainly feel that way.

Currently, almost all countries are experiencing depression due to recession caused by several reasons, the power of the state cannot fully withstand the recession, the world economy is on the verge of difficulty, even the superpowers are no exception.
Recession is a frightening specter for some countries that do not have independent economic power, this can affect the running of an existing government. It can be ascertained that the impact of COVID-19 is really real, the recession is coming to the whole country.

[justdimin]

I personally feel that for now with the weakening economic condition, regardless of whether we are ready or not, it will surely come no matter which country is certain, even for a strong country, it will definitely benefit from this.
We know that the current state of the US economy is starting to worry that they are actually a country that has a really large economy, especially with a smaller country.
It's not a matter of being ready or not but we certainly feel that way.

Currently, almost all countries are experiencing depression due to recession caused by several reasons, the power of the state cannot fully withstand the recession, the world economy is on the verge of difficulty, even the superpowers are no exception.
Recession is a frightening specter for some countries that do not have independent economic power, this can affect the running of an existing government. It can be ascertained that the impact of COVID-19 is really real, the recession is coming to the whole country.

Governments could somehow manage to put it under control if they really wanted to, but it would be a very hard pill to swallow and no government aims at making the lives of everyone better in the long run, the aim of any government is to get more votes and stay in power. That’s the problem humanity has faced for decades after decades, the governments we elect do not do what would be good for us, they do what is popular and keep them in power.

So, keeping it this way at a damaging but not crisis level gives them "some" advantage, if they did hard recession measures that would make it very hard, and then they would be ousted, and won't get re-elected, which is not what they want.

[Doan9269]

No matter how the circumstance may be you must always plan ahead in preparation against recession because bthis has been something that has occurred on several occasions and has affected many economics and this only start from the advancement of the economy inflation that many thinks it's not something that could lead to have advanced into recession, don't always wait for it coming, plan and prepare ahead against it's coming should in case it eventually comes then it meets you well prepared with divers alternatives to serve as rescue.

[Fara Chan]

Governments could somehow manage to put it under control if they really wanted to, but it would be a very hard pill to swallow and no government aims at making the lives of everyone better in the long run, the aim of any government is to get more votes and stay in power. That’s the problem humanity has faced for decades after decades, the governments we elect do not do what would be good for us, they do what is popular and keep them in power.

The government in this case has not been able to fully control, especially regarding solutions to overcome the recession, and we also don't want to blame them too much, even though the government's function is to protect and guarantee the economy of its people.
But in this case they failed to make it happen.

So, keeping it this way at a damaging but not crisis level gives them "some" advantage, if they did hard recession measures that would make it very hard, and then they would be ousted, and won't get re-elected, which is not what they want.

and maybe this is more on the political side, in this case it may be difficult for us to understand, because indeed if we have dealt with such matters, it will be difficult for us to develop problem-solving options when dealing with them.

[gabbie2010]

We're not only heading to the recession, but rather we are in the recession already. The whole world is experiencing a global recession, I don't think some countries are exceptions to the economic recession already. which is why you see inflation in food, goods and services products. What triggers the global recession we experience right now, is the convid-19 pandemic that happened 2years ago. The whole world is yet to recover from the damage it caused to the world's economy.

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.

[YouYou0321]

It is also normal for the economy to enter a cold winter when the pandemic comes. Human existence and economy must coexist in harmony with nature. With the current price hike, everyone has no money in their hands, unemployment and bankruptcy are not the darkest days yet.