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

[jostorres]

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.

Media just want hype, and for that they may go to any extreme. They exaggerate things sometimes but it could be that they are only scaring the masses because they are planning something. It's like they are spreading Fud if we are to talk about crypto. If we are used to these tactics then all we can do is just ignore them. Focus only on the positive things.

Recession is truly a thing but of course as long as it occurs for real. It's when the people lost their jobs and then maybe the price of the good are rising as well. It only becomes a speculation if it didn't occur yet but people are speculating about it that it will happen. There is a solution with it and I think one of it is through saving money and then having a side job with us.

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[Doan9269]

If one has ever experienced a recession before, then it will never be an interesting occurrence one can pray for it reoccurrence because many things would have gone bad with the economy leaving it vulnerable for years before going back to normal, we all need to be mindful of how we operate our local, national and global economy to an optimum standard by tackling inflation first and finding means to end natural disasters that could serves a threat to world economy due to pandemics, almost all the giant economy of the world have been affected by last year inflation and recession was set at the beem, but we can start something new today by putting resources together against having such experience again because it's real and has many consequences if care is not taken.

[molsewid]

If one has ever experienced a recession before, then it will never be an interesting occurrence one can pray for it reoccurrence because many things would have gone bad with the economy leaving it vulnerable for years before going back to normal, we all need to be mindful of how we operate our local, national and global economy to an optimum standard by tackling inflation first and finding means to end natural disasters that could serves a threat to world economy due to pandemics, almost all the giant economy of the world have been affected by last year inflation and recession was set at the beem, but we can start something new today by putting resources together against having such experience again because it's real and has many consequences if care is not taken.

From what am I seeing, we are already on it, we started it last year maybe and I am just hoping that we will not suffer too much just like what they are saying I am also afraid to what is happening to other company, lots of layoff this year, being in a person works in corpo l am afraid that our company might face a huge problem that will lead them to cutting people from their job.

[Fortify]

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.

From what I see these days, the fear as you call it is rescinding as inflation starts to come back now and the situation is somewhat normalizing after Putin decided to start the first war in Europe for over 60 years. However there is still a long way to go to mend it and any more chaos could trigger a collapse rather quickly. That's the thing about recessions and corrections, they often jump out of nowhere and usually quite dissimilar to previous ones. However the effects of inflation have yet to be fully realized in certain countries, because in the UK for example there are 2/3/5 year mortgage terms that need renewing at much higher rates when they expire, which could trigger a wave of house selling and push down property prices in future - having a wider knock on effect to the economy. There could be similar situations in other countries which will only play out in the next 2 years.

[usekevin]

Economic recession was affected huge country in the world.The Ukraine war had affected even the small countries because of their oil supply.When the powerful Russia had their war on Ukraine,most of the countries had make their announcement of tax on Russia and some financial block to Russia.But the Ukrainian get some support throughout the world.But no country had started a war against Russia to fight in Russia behalf of Ukraine.The only reason is Russia is big Nation with all short of weapons.So most of the countries not ready to fight for the Ukraine,even after they had the soft corn towards the war.The war alone not the reason,the recession is also based on the climate change and flood.

[EdenHazard]

Economic recession was affected huge country in the world.The Ukraine war had affected even the small countries because of their oil supply.When the powerful Russia had their war on Ukraine,most of the countries had make their announcement of tax on Russia and some financial block to Russia.But the Ukrainian get some support throughout the world.But no country had started a war against Russia to fight in Russia behalf of Ukraine.The only reason is Russia is big Nation with all short of weapons.So most of the countries not ready to fight for the Ukraine,even after they had the soft corn towards the war.The war alone not the reason,the recession is also based on the climate change and flood.

World trade stability become one of the main reason why the professional called it that 2023 could become a dark one to get through with recession around the corner and you might now feels the recession has begun already with all those basic needs uprising ... no job space left even there a lot of mass layoffs.

Moreover ... there always a speculation after that , the exaggerated naration etc , beware just beware.

[Sayeds56]

From what am I seeing, we are already on it, we started it last year maybe and I am just hoping that we will not suffer too much just like what they are saying I am also afraid to what is happening to other company, lots of layoff this year, being in a person works in corpo l am afraid that our company might face a huge problem that will lead them to cutting people from their job.

It is true that many economies around the world have been affected by COVID-19 pandemic, and some of them may be in recession now. However, it is important to note that situation can greatly vary from country to country and industry to industry. It is understandable to feel concerned about potential layoffs, but it is important to focus on what you can control, such as doing your best work and staying up-to-date on company developments and always prioritize your health and well being during these uncertain times.

[YUriy1991]

While there is no doubt that the current global recovery remains slow and fragile, there is a general consensus among economists that we are now experiencing a period of more sustainable economic growth. Nonetheless, individual countries may experience a recession as part of their normal business cycle.

[Smack That Ace]

From what am I seeing, we are already on it, we started it last year maybe and I am just hoping that we will not suffer too much just like what they are saying I am also afraid to what is happening to other company, lots of layoff this year, being in a person works in corpo l am afraid that our company might face a huge problem that will lead them to cutting people from their job.

It is true that many economies around the world have been affected by COVID-19 pandemic, and some of them may be in recession now. However, it is important to note that situation can greatly vary from country to country and industry to industry. It is understandable to feel concerned about potential layoffs, but it is important to focus on what you can control, such as doing your best work and staying up-to-date on company developments and always prioritize your health and well being during these uncertain times.

Yes, we may be in a recession, but not all are the same. I see many people say that they are facing many difficulties in life due to unfavorable work and insufficient income for daily expenses but there are also many people who say they are making more money than usual. That said, recessions or crises don't negatively affect all industries or everyone. If we know how to take advantage and seize opportunities, the failure of others is sometimes our own opportunity.

[KingsDen]

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.

To start with, the global recession that is about to happen or has begun is not due to any war.
The global recession is avoidable but the government is doing little to avoid this menancr that is about to happen . This global station is likely because of inflation
The only solution the government has is to bring print more money and to be very honest this is not the best approach to avoiding the recession.
The recession might not hit the whole world but there is some part of the countries where it will hit them very well

[CageMabok]

While there is no doubt that the current global recovery remains slow and fragile, there is a general consensus among economists that we are now experiencing a period of more sustainable economic growth. Nonetheless, individual countries may experience a recession as part of their normal business cycle.

Usually a seemingly slow recovery like the one in the current example won't experience a more profound fragility, as a faster recovery is also more likely to experience a more profound correction making it appear fragile. In fact a seemingly slow recovery could also lay the foundation for a more certain growth this year and I'm saying this more to Bitcoin as an example. Not to the business cycle or global economic growth.

[tygeade]

From what am I seeing, we are already on it, we started it last year maybe and I am just hoping that we will not suffer too much just like what they are saying I am also afraid to what is happening to other company, lots of layoff this year, being in a person works in corpo l am afraid that our company might face a huge problem that will lead them to cutting people from their job.

It is true that many economies around the world have been affected by COVID-19 pandemic, and some of them may be in recession now. However, it is important to note that situation can greatly vary from country to country and industry to industry. It is understandable to feel concerned about potential layoffs, but it is important to focus on what you can control, such as doing your best work and staying up-to-date on company developments and always prioritize your health and well being during these uncertain times.

I think the idea is that if recession happens everywhere, then it is a global issue, doesn't matter how much it impacted each nation. It would not be an issue if there were 30 nations with recession and 30 without recession and rest are just in the middle, then it is not a trouble and it is understandable but if ALL nations have recession, yet some have very little, it is still recession no matter how small it is.

Look at inflation numbers, there are nations with 5-10% and there are nations with 100%+, did we say that we didn't had inflation? Even though it varied from nation to nation, since all of us had it, we said it was a global thing, same will happen.

[Alpha Marine]

I wouldn't bet on it but there's been a lot of speculation governments have become better at handling recessions for the people that experience it the most (generally by giving cash or resource handouts - though they seem to be more Conservative/right wing overall now and there's a chance that's stunting growth like it normally does).

Yea I agree with this but developing countries will still suffer economically. Somehow developing countries that are dying in the hands of corrupt and incompetent leaders struggle really hard to move forward and learn from past experiences. The world around them learn and invent different ways to deal with issues while they are just content on how things are because they don't give a shit if the country gets better or not.
So if a global recession is to happen, I'm very certain that developing countries especially developing countries in Africa will feel it the most because they're too dependant on the developed countries.

[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.

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.

That's why the war hasn't ended yet because there are countries that have benefited from it, so they are still trying to get as much benefit as possible. But if every country's leader realizes that war does not bring good to all parties, they should stop the war and try to communicate with each other to discuss the real problem in the world. Besides that, the countries can not feel the benefits because the war has given victims to each side. So it needs awareness from all the country's leaders but maybe it won't happen shortly because they all have to lower their egos to reach that agreement.

[Hamza2424]

I am not sure Op why are you asking this question now dear if you still think a global recession is real or speculation then I am not sure how you are justifying the current inflation all over the world. Dear global recession is ongoing the current economic crisis in each country is due to the global recession but it is going to be worse afterward. The whole financial ecosystem is stuck now and in the long run views it going to collapse and then maybe we need some new type of economic cycle without interest. The current situation is messed up as you better know and all this is due to the Intrest system and it's the only reason for the future collapse, this system is unfair to the Lower and Middle-class community.

Long Story, in Short, a new economic model is going to be established sooner or later and I am hoping for Bitcoin as the priority lets see what happens next to it.

[Silberman]

I wouldn't bet on it but there's been a lot of speculation governments have become better at handling recessions for the people that experience it the most (generally by giving cash or resource handouts - though they seem to be more Conservative/right wing overall now and there's a chance that's stunting growth like it normally does).

Yea I agree with this but developing countries will still suffer economically. Somehow developing countries that are dying in the hands of corrupt and incompetent leaders struggle really hard to move forward and learn from past experiences. The world around them learn and invent different ways to deal with issues while they are just content on how things are because they don't give a shit if the country gets better or not.
So if a global recession is to happen, I'm very certain that developing countries especially developing countries in Africa will feel it the most because they're too dependant on the developed countries.

We need to judge each country according to their respective circumstances, a country which is still developing but which has a low amount of debt and it is self-sufficient when it comes to food and other key sectors will probably do fine, however many developed countries could do terribly during a recession as they are the most heavily indebted countries around the world and the room they have to maneuver is very tight.

[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.

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.

Yes, I agree, many governments looks frightened they won't be able to control the people anymore. After Covid limitations and lockdowns people are losing patience and bad news may fuel riots etc. So they're trying to sweep it under the rug, hoping the situation will improve next Q or next year.

[Lubang Bawah]

Recession does happen but sometimes the media makes too much noise and if we follow it it will cause panic, the media always overreacts in reporting things and this is because they want to attract people's interest and in the end get profit from advertising, as humans who have experienced difficulties of course crises and recessions are normal thing and don't make us too afraid.

[jackg]

Yea I agree with this but developing countries will still suffer economically. Somehow developing countries that are dying in the hands of corrupt and incompetent leaders struggle really hard to move forward and learn from past experiences. The world around them learn and invent different ways to deal with issues while they are just content on how things are because they don't give a shit if the country gets better or not.

The other issue here is that it's fairly normal for a government to borrow money or receive financial aid during a recession and the higher the corruption, the more debt that could end up being taken by the whole country to be used for and by just a few people in control there (if they're corrupt enough and there's little able to make them leave - especially if it isn't publicised).

We need to judge each country according to their respective circumstances, a country which is still developing but which has a low amount of debt and it is self-sufficient when it comes to food and other key sectors will probably do fine, however many developed countries could do terribly during a recession as they are the most heavily indebted countries around the world and the room they have to maneuver is very tight.

I don't think this is really a problem unless the recession is huge or lasts a long time. The sector a recession hits and the epicentre of where it affects feels it for decades to come, everyone else doesn't really. If a recession hits and GDP falls, the same amount of people are often still looking to produce things and within about 3 years, the economy can adapt to the new climate of what's needed and wanted in an area and gaps can be completely filled by then (companies spring up during recessions from people hoarding cash because the gamble is normally considered worth it - especially when most other things are collapsing in value).

A lot of people also contribute to the efforts of regrowing the economy by completely giving up or changing course from what they were doing (which is likely easier in a wealth country) - many people (especially young) thinking of joining the workforce or who have been recently employed and sacked (/fired) because of the recession may turn to education instead and improve their skills ready for when the market picks up - a lot of people in the 2008 crash getting jobs have seen their wages stagnate because so many applied for jobs during a recession (in the US, this hasn't happened as much in Europe).

A lot of developed countries may be overleveraged but they're normally all part of the same house of cards (and have to stop each other from collapsing as most economies are unable to survive without both imports and exports).

[Godday]

Today we hear a lot of scary news about the global recession.  I don't think it's fake.  If we look at it in micro form, there are many types of industries that have an impact due to the current world economic uncertainty.  It may not be as complete as the recession in 2008 but I have seen a lot of people who are worried about the state of their economy right now.