The fear of global recession is real or just a speculation?

[Fivestar4everMVP]

Based on the kind of country I live in and the current happenings here, I think it has reach a point where I personally, I'm no longer afraid of anything, be it a global recession of whatever, you guys can ask my fellow Nigerians, what is currently happening in Nigeria is having a huge negative effects on the citizens, far more than the effect of a global recession would have.

Like I always say, I don't think we will ever arrive at a stage in this world 🗺 where everything will be just fine, every nation living at peace, no natural disasters of any kind, people loving and caring for each other all over the world.
I don't mean to be negative minded, but I speak the fact, the sooner we learn to deal with any problem(s) we are faced with at any given time, the better.

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[Unbunplease]

Well if you read what the fed wants is they want lower inflation basically at 2%. And they also want a good economy. Pretty much a soft landing. However there is a feedback loop.

If there is a tight labor market then inflation will always be at risk. Because to find workers employers need to pay them more which comes at a cost to the customer. So inflation increases.

So if the fed wants to fight inflation then they need higher unemployment , how do you do that without causing a recession ? It’s very difficult.

I think the fed, even though they are talking about 2 percent inflation, will stop at 4 percent. They are just using hawkish rhetoric now solely for market speculation. don't trust them. As it say, nothing personal - just business.

[Synchronice]

There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.

Significant risk to world economy are leech politicians and businessmen, big corporations that think that they deserve all the money while working class has to surrender in pain.
Why isn't ministry of economics in any country facing a sentence for economic decline? Why do they always tell us that here is or will be a recession? Because they want it and they want to slowly get people used to it.

Apple sales in biggest fall since 2019

Apple sales dropped at the end of 2022 as shoppers squeezed by the rising cost of living cut back their purchases.

Sales at the iPhone giant fell 5% in the three months to December compared with the same period in 2021.

It was the biggest decline since 2019 and worse than expected.

https://www.bbc.com/news/business-64506940

If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.

How can iPhone sells statistics help you to say whether we have a recession or not? There are a lot of factors that play the role:
1. There isn't that much upgrade from iPhone 13 to make it worth to sell old one and buy a new iPhone 14.
2. There are other competitors in the market like Samsung, Xiaomi, Google Pixel and Sony.
3. You have to keep in mind a marketing factor.
4. Probably more and more people understand that it's not necessary to upgrade your gadget every year.
5. Probably all the negative speculations around Europe played its role to stop people from buying unnecessary expensive gadgets.

[Sayeds56]

I do not know how to face the challenges of natural disasters such as earthquakes, hurricanes and floods. These cannot be faced, but their effects can only be mitigated. Is there a way to prevent earthquakes, hurricanes and floods from occurring? I don "t think so.

You are correct that it is impossible to prevent natural disasters, such as earthquakes, hurricanes and floods as they are largely driven by geological or meteorological forces. However, their impact can be reduced through early warning system, effective planning, preparedness measures and fostering international cooperation. It is also important to address the underlying factors such as climate change that can reduce severity of their effects.

[Swordsoffreedom]

I think the fear of a global recession is just speculation. Almost every negative event imaginable has already happened. Inflation has started to come down gradually. No one is interested in driving the economy into a real recession.

Inflation is falling, but while businesses are starting to lay off employees, it shows that the economy is still unstable and not out of danger. Experts make recession predictions not unfounded, it is clear that economic data is showing it. But I think this recession will not be as severe as in 2007, but the economic situation depends a lot on the war between Russia and Ukraine. If the situation is more stressful, economic worsening is inevitable.

[Ludmilla_rose1995]

I think the fear of a global recession is just speculation. Almost every negative event imaginable has already happened. Inflation has started to come down gradually. No one is interested in driving the economy into a real recession.

since Q3 2022, many parties have been frying about the potential for a severe global recession in 2023, but thankfully until now this has not happened and the economies in many countries are still strong and stable. many parties must be involved to prevent a recession from happening and hopefully, the world's economy will really be the farthest from being called a recession.

[Silberman]

There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.

Even if it does not happen I do not think it is wrong to think about taking precautions against it, after all it is easy to get complacent and believe it will not happen, but if something were to happen which led us towards a global recession you will be unprepared for it and then you will suffer massive consequences by ignoring the threat, but what can you do? Avoid getting more debt and pay whatever money you owe at the moment, and if you still have some money left invest in good assets like gold or bitcoin, which could do well under those circumstances.

[adaseb]

Another issue to think about is the domino effect.

If people are so certain there will be a recession, they will prepare for it now. So they will spend less. By spending less businesses make less money. And then they need to lay people off and then there might be a recession because it’s dominos together.

People are already holding off on buying many luxury goods because they want to be liquid.

[justdimin]

If that's not recession, then I don't know what is. Iphone is simply the best electronic device that everyone wants to buy but somehow people can't do that. That's because they have to pay for their rent, food, water etc and there isn't any money left to buy an iphone.

I could agree with you about the fact that iPhone is definitely loved by many, but one of the other reasons for this is that there are other competitions which are getting better. Samsung is a great phone brand right now that already does so many things better than an iphone does, they have phones which are both at high end, but also phones that are brand new and yet cheap.

That allows people to not spend a lot of money, if I want to buy a brand new iphone 14, I would have to spend three times more than what a cheap samsung would be and I rather not spend that, but if I want to  spend a lot, there are better samsung phones than iphone 14 as well. That plays a role in the drop of the sales.

[19Nov16]

Sometimes the media is too exaggerated when someone predicts a global recession, as if the world will end when they open an opinion, life is used to experiencing difficult things so whatever happens we should never panic, there is always a solution if difficulties come, just like in my country that was reported going bankrupt because the country can't pay the debt but it turns out that subsidies can still be used and everything is too much.

[Gyfts]

So if the fed wants to fight inflation then they need higher unemployment , how do you do that without causing a recession ? It’s very difficult.

The fed doesn't necessarily need higher employment. They just want employee wages to not increase at a high rate. Of course if inflation outpaces wage growth, then the labor market might demand wage growth outside of the inflation rate, creating a bit of a loop.

They've taken the approach, rather, to aggressively hike interest rates which undoubtedly will trigger a recession. This will guarantee that wage growth won't outpace the inflation rate. It's only a matter of when. Given the U.S. tech industries have laid off tens of thousands of employees alone, I wouldn't say recession fears are speculative.

[serveria.com]

There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.

I guess we're very close to recession at this point. Moreover, I think it's already happening in some countries. I'm not an expert, but from what I have seen/read many countries announced economic growth of 0.something % and some forecasts were also with negative growth.

[Sterbens]

Sometimes the media is too exaggerated when someone predicts a global recession, as if the world will end when they open an opinion, life is used to experiencing difficult things so whatever happens we should never panic, there is always a solution if difficulties come, just like in my country that was reported going bankrupt because the country can't pay the debt but it turns out that subsidies can still be used and everything is too much.

Yes, we will always see it in the spread of news that, like you said, exaggerates a problem that is happening in the world. But I think it depends on how we respond to it, we don't have to worry too much about what we hear, but we also can't be indifferent because maybe it will really happen and when we ignore it it will have a bad impact on ourselves. What we have to do is, keep preparing for when it really comes and don't panic too much. It will be very helpful for us in the future.

[stadus]

There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.

Some sort of speculation but these known experts in the said field will likely be true about it.
Some studies conducted that the global market situation can possibly become worse in the future. War, conflict of interest between countries, and climate change will badly affect the economic global system. Everything is changing and we can't assure that everything went well or it is something we all suffering. We can't just rely on the government for their action but as an individual, we also do our part as well.

[DanWalker]

Sometimes the media is too exaggerated when someone predicts a global recession, as if the world will end when they open an opinion, life is used to experiencing difficult things so whatever happens we should never panic, there is always a solution if difficulties come, just like in my country that was reported going bankrupt because the country can't pay the debt but it turns out that subsidies can still be used and everything is too much.

They don't exaggerate, and they have grounds to come to that conclusion, most people just look at falling inflation and think that all the bad is over and good things are coming. If you regularly watch the news, you can see that major companies are still laying off thousands of employees every day, and in a recent Fed report, they said that the unemployment rate remains low. That means they are more likely to continue their hawkish policy to control inflation better, but high unemployment is likely to trigger a recession. I think a recession is inevitable, but the severity or lightness is what needs to be assessed.

[summonerrk]

I think that there is no need to lump all the events into one pile. Hurricanes and natural disasters like the earthquake in Turkey are random events in time of origin. They do not depend on the state of the world economy in any way, and can happen at any moment. It is clear that they have consequences that will be reflected in the economy, but I do not consider them significant compared to real estate crises or armed conflicts.
Yes, there are clearly difficult times in the world right now, but this is a necessary condition for the further development of economic relations.

[siniminomorocomunisakito]

What we need to realize today is that there is no single model for economic growth and the global economy has evolved a lot since the first industrial revolution started in the early 19th century. The only real impact on small businesses this year may be in the form of fluctuations in currency exchange rates, commodities and interest rates.

I think the policies of each government regarding stimulus spending, exports, debt and other factors that influence the GDP growth rate. Because if you look at global financial conditions it seems to be on a recovery path, and the market is starting to recover after the volatility seen in the last six months.

[Ayers]

There is much discussion in both the print and electronic media regarding the probability of global recession as a consequence of ongoing war in Ukraine, but I think unlikely to happen any time soon, even if it does, it is expected to be less severe than recession in 2007, as global GDP is still growing albeit at a slow rate. The real challenges for policy makers are growing debt, climate change and increasing frequency of natural disasters, such as earthquake, hurricanes and floods, which pose significant risk to world economy. These need to be addressed by global community urgently, in order to ensure a stable and thriving economy.

I guess we're very close to recession at this point. Moreover, I think it's already happening in some countries. I'm not an expert, but from what I have seen/read many countries announced economic growth of 0.something % and some forecasts were also with negative growth.

According to me, we are already in recession, not a prediction anymore, but just the beginning of the recession, not as severe as in 2007, so many people still don't realize it. I really don't believe the government reports, from what I see it makes me feel more clear. The unemployment rate in my country is increasing every day, many people can't afford to spend for living, purchasing power is decreasing markedly. But meanwhile, the government says the economy is showing positive changes.

[ethereumhunter]

The global recession may continue if there is no agreement to carry out a ceasefire for countries that are at war and focus more on fixing the problems that are happening in the world. All countries must unite and solve every problem faced by all countries. But the problem is, there are still countries that don't want to collaborate with other countries and think that the country can still survive. Like it or not, world leaders have yet to reach an agreement to resolve these problems. Maybe in public, they say they agree to solve the problem but after that, they seem to forget everything.

They are more preoccupied with the problems in their country because it is an urgent thing that they must do immediately. Maybe it should start with each country or people deal with the problems around them first.

[crunck]

The global recession may continue if there is no agreement to carry out a ceasefire for countries that are at war and focus more on fixing the problems that are happening in the world. All countries must unite and solve every problem faced by all countries. But the problem is, there are still countries that don't want to collaborate with other countries and think that the country can still survive. Like it or not, world leaders have yet to reach an agreement to resolve these problems. Maybe in public, they say they agree to solve the problem but after that, they seem to forget everything.

They are more preoccupied with the problems in their country because it is an urgent thing that they must do immediately. Maybe it should start with each country or people deal with the problems around them first.

War is causing crisis and recession for many countries, but many countries still benefit from war, so they don't want the war to end soon. Each country wants to have its own interests, so it is never possible for all of us to join hands to fight the recession. Just like someone else's death is our own chance, so there's no reason to save them.