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Author Topic: Third of world economy to hit recession in 2023, IMF head warns  (Read 204 times)
Casdinyard
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January 16, 2023, 05:48:06 PM
 #21

China is just coming out of its lockdown attempts, the opposite can happen is a story today I have also seen a warning about.   Despite the best attempts of many western governments to restrict the circulation of excess money printed in prior years, there has been little quantitative tightening actually done just these rate rises which is something else.  The longer term picture still contains excessive currency, if China is back to its full use and production it will raise many commodity markets and in turn we are less likely to see a lull in demand within markets.

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“bushfire” of expected Covid infections

I agree thats likely but what % of those cases are serious life threatening is going to be quite low, though it might be callous to say perhaps as any deaths are serious it should not be enough vs a working population to be restrictive to the economy or economic productivity.  Whereas a lockdown situation done in a blanket way for years now has been excessive in its effects.
Lockdown or not this is concerning news from China, as one of the superpowers in this planet right now it's a surprise they are experiencing such severe economic struggles. Although in retrospect, this is no surprise considering that along with the lockdowns, they are also experiencing massive issues with their housing market caused by their biggest real estate tycoon defaulting on loans he took to make residential buildings AFAIK. We just need to sit back and observe if whether these issues will be solved when everyone from China start going back to their offices.

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January 16, 2023, 08:14:11 PM
 #22

Remote work can also take a lot of time and effort. 

A big plus of working remotely is that you don't have to commute to and from the office every day.  This saves a lot of time.  Also, you won't have to follow a dress code by spending money on expensive suits and ties. 

However, work is work, you need to spend your energy and attention on it.  At the same time, the more people looking for work on the Internet, the higher the competition. 

And this means that employers will reduce wages and put forward increased requirements for the qualifications of workers.
Yeah, the competition for remote jobs can be high, which may lead to lower wages and increased qualifications for workers. When large economies suffer, it can have a ripple effect on smaller economies that are heavily dependent on them, such as many African countries. This is because they often rely heavily on exports and imports with these larger economies and any negative impact on them will affect them as well. It highlights the importance of diversifying the economy in order to reduce the dependency on one specific market.

Overall, while the internet and technology have provided a lot of opportunities and tools for people to find and keep jobs during a recession, it's important to consider the potential challenges and downsides as well.

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January 16, 2023, 08:28:01 PM
 #23

Recession is certain to occur because of what is currently happening in the world so we need to be prepared for this time so that we will not become broke to the extend that we will not be able to feed. People are losing there jobs and to live a good like is now becoming very expensive and price of food stuffs are becoming expensive too which is a sign that this year, things might become more difficult for people.

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January 16, 2023, 08:41:10 PM
 #24

Isn't inflation cooling down and prices of all commodities going down,almost all countries now,well at least in Europe where I am have written down Russia war and are not that much impacted because of that anymore,price of basic commodities like wheat which is an important part coming from Ukraine and Russia has gone down to pre war levels I am reading and also watching on TV news,the panorama is optimistic and if we get a recession I am sure it will be a short term only.

In the long term I see the 2023 year as one for most of us to recover,we almost have completely left behind that pandemic which in all honesty where I live has increased the surface of the cemeteries in a really horrendous way and I am really glad we have left it back as it is not deadly anymore,let's hope also the economies recover,inflation cools even more and everything goes back to normality.

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January 16, 2023, 09:12:17 PM
 #25

Isn't inflation cooling down and prices of all commodities going down,almost all countries now,well at least in Europe where I am have written down Russia war and are not that much impacted because of that anymore,price of basic commodities like wheat which is an important part coming from Ukraine and Russia has gone down to pre war levels I am reading and also watching on TV news,the panorama is optimistic and if we get a recession I am sure it will be a short term only.

In the long term I see the 2023 year as one for most of us to recover,we almost have completely left behind that pandemic which in all honesty where I live has increased the surface of the cemeteries in a really horrendous way and I am really glad we have left it back as it is not deadly anymore,let's hope also the economies recover,inflation cools even more and everything goes back to normality.
A survey says  74 % of the people worried about inflation
THe COVID - WAR - WInter has made the life miserable for the people - life is struggle and we keep struggling so hard but our problems are never resolved. And then comes the day we die and leave all the worries behind

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