Are we headed to a nowhere economic direction ?

[Joshapat]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

[1715589882]

1715589882

[Betwrong]

All the things that you have seen OP are just negativity, maybe you really stress in your life seeing how bad is your government system. Well, I'm glad that our country isn't bad as your country. But I will tell you that stop relying on the government strategies, they are not actually helping you. That is why we should look for an opportunity to grow our finances and become financially stable. If the banks are not reliable, then better use them to run a business or do anything that would do to make more money. We make our own economic direction, not them and not the government.

Not many countries are able to provide social security for the population, even if there are good social programs, then you should think about relying only on yourself in any situation.

You definitely should think about relying on yourself, but on yourself only is hardly possible. Maybe you shouldn't expect some financial help from your government, you should earn money yourself, but you can expect banks and shops working and order on the streets and stuff.

Negative feedback about the government is a common occurrence, people always want to get more than they have, but not all economies are capable of this.

And it's a good thing, people should always want more, that's how economic progress is achieved. Only in dictatorships like North Korea all people are happy with their government, but it's not good for the economy, they are starving. Well, not this guy in particular



but regular people in there, most of them.

[Marvell1]

I don't think, my country economy will be bad like your country economy because our government do everything possible within their capacity to ensure citizens don't feel bad about the current inflation that is affecting other countries citizens. Many investors in my country 80% of them are into cryptocurrency investment, because our government has created more opportunities for the people to take the advantage to support their financial growth in the country. I think, this inflation is about to leave for deflation to occur for people to start saving money, that they will use to invest in cryptocurrency and hold for the price to increase before they can sell to make a passive income.

What country is that? You and others are probably lucky to have a government that actually cares for their people, especially the ones on the lower side of the economy who don't earn much to fight the increasing inflation and face a lot of problems when there is an economic crisis within the country, governments barely care about such people or try their best to fight the inflation.

And when it comes to investments in Bitcoin or cryptocurrencies, not a lot of governments in the world are in favor of their people investing their money into them as that will indirectly mean they are losing the power to have financial control over their people.

Except for those countries where inflation is higher than a few tens of percent and lasts for many years, those governments are corrupt and useless. But the countries affected by the last economic crisis cannot say that the government is completely abandoning us and not taking any measures to help the people. It's just that they have unsolvable problems, and there's no one-size-fits-all solution. But instead of waiting for them to come to save us, we should also find a way to save ourselves, not too dependent on them.

I really doubt what this guy says, I don't believe there is a country where 80% of them invest in crypto. We know the percentage of people who know about bitcoin is still very modest unless he is from El Salvador.

[Betwrong]

~ I really doubt what this guy says, I don't believe there is a country where 80% of them invest in crypto. We know the percentage of people who know about bitcoin is still very modest unless he is from El Salvador.

I was surprised myself, but look what Google gave me to my query "how many people invest in bitcoin":



Seriously, I think that number was 10 times lower couple of years ago, no?

Anyway, looks like things in this department escalate faster than we might think, so, 80% investing in crypto in some countries may be not far from the truth these days.

[Argoo]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

To the current economic difficulties are added the problems associated with climate change that has already begun throughout the planet. They talk about global warming, but this has a different impact on specific regions. In some natural conditions will become unsuitable for agriculture, in others it will be necessary to quickly adapt to other crops and agricultural techniques. All this is associated with additional costs and loss of time.

In addition, military tensions and ongoing military conflicts between states have intensified recently. So far, the most terrible for the environment and agriculture is Russia's war in Ukraine. On June 6, Russian invaders blew up Europe's largest Kakhovskaya HPP and this caused enormous damage to agriculture in southern Ukraine. And this means that Ukraine will no longer be able to export agricultural products to other countries and the situation with products will deteriorate sharply.

[Betwrong]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

To the current economic difficulties are added the problems associated with climate change that has already begun throughout the planet. They talk about global warming, but this has a different impact on specific regions. In some natural conditions will become unsuitable for agriculture, in others it will be necessary to quickly adapt to other crops and agricultural techniques. All this is associated with additional costs and loss of time.

In addition, military tensions and ongoing military conflicts between states have intensified recently. So far, the most terrible for the environment and agriculture is Russia's war in Ukraine. On June 6, Russian invaders blew up Europe's largest Kakhovskaya HPP and this caused enormous damage to agriculture in southern Ukraine. And this means that Ukraine will no longer be able to export agricultural products to other countries and the situation with products will deteriorate sharply.

It's terrible, and in the past it would cause  global economic crisis,and that's what the Russian government was counting on, but I think they miscalculated a bit. Despite all the troubles, we, the world in general, are not heading to a nowhere economic direction. The world economy is strong enough to withstand those difficulties.

That is not to say that we can just relax and flow with the current. We must be ready ourselves for possible economic difficulties in the near future because being prepared never hurts.

[so98nn]

The current economic situation is weakening because many companies are reducing the quantity of production and of course reducing the number of workers, my country is also experiencing the impact of a weakening economy, it is very difficult to find work and the best solution is to do business and of course you need capital to be able to do business.

That’s not very accurate. Companies can not reduce their work but they will reduce the workforce. The work is not concern in any economic situation. Whether it is downfall or inflation you Call it companies would keep up the work in the same pace they would do in good conditions. They would burden the current employees and give more so that more work can be achieved. That’s how it works for the corporates.

We are not really in wrong direction but we are suffering from the economic depression which is temporary. This is after effect of war, FED going nuts and governments wrecking the entire supply chain.

[nlovric]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Predicting the future course of the global economy has grown difficult in light of its constant change. We are all plagued by the spectre of inflation which looms large and causes concern. Relying exclusively on our current income seems risky as we navigate these uncertain times because the tides can quickly shift against us. Our creative soul needs to flourish during these uncomfortable times. We must discover the hidden treasures within ourselves and tap into unrealized potential that can transform into a source of nourishment. Our guiding principles shall be creativity and resourcefulness which will show us the way to monetary stability and resilience. Instead of waiting for adversity to strike let's actively embrace our capacity to convert concepts into real value to ensure that our future is rich even as the world around us changes.

[Sayeds56]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

You are correct in stating that there are so many uncertainties about world economy that make it difficult to predict its future direction. However, it is important for us take proactive approach in various ways to exploit your full potential for generating income from multiple resource. For example, if you possess IT skills then find out projects online according to your skills and increase your earning by selling your services as freelancer.
It is equally important to continue upgrading your skill set level. This can potentially increase your income and make your more adaptable to the changes in the job market. In summary, to meet upcoming economic challenges, it is advisable to be proactive, creative, adaptable and open to new opportunities.

[Alisha-k]

Even America that has the biggest economy has been on recession for since 2020 that I know

The world’s economy at large is still through post Covid effect so it’s normal for every country right now to experience an economic meltdown

I do not know the country you are, but in Nigeria, the minimum wage is just about $60/month, how can a man with family survive with that?

It’s that bad, every man has to find a means to survive outside of the government but investing in cryptos unfortunately might not be one of the recommended means

[Dunamisx]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

The problem with the global economy inbalances will have it consequences resulted on us if we are not taking personal and individuals moves and steps towards being independent of the economy system as controlled by the government and remain dependent on how we can source a sustainability out of it from our own end, the problem lies with us being too dependent on them, once they were affected then we are directly affected too, but when we begin to make some shift that could give us an upper edge against relying on government economy and we work on having our own personal sustainable development to run the economy and remain independable, we will definitely be less affected even when such occurrence is happening.

[Alpha Marine]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Inflation is a very big problem that the world is facing currently. Somehow I feel it's worst in my country. Right now the inflation rate is above 30%. The worst part is, I don't see an improvement anytime soon.
The interest rate was increased last month from 18% to 18.50%. The increased interest rate just seems to make matters worst.
Higher interest rates are supposed to mean higher borrowing costs, which will make people spend less and thereby reduce inflation, but the reverse is the case in my country.
And knowing my country, the inflation rate will just keep increasing and the dullards at the central bank will just keep increasing interest rates without stopping to check if there are other things they can do to fight inflation.
It's frustrating and scary at the same time when you think about the fact that it can only get worst.

[Smack That Ace]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Inflation is a very big problem that the world is facing currently. Somehow I feel it's worst in my country. Right now the inflation rate is above 30%. The worst part is, I don't see an improvement anytime soon.
The interest rate was increased last month from 18% to 18.50%. The increased interest rate just seems to make matters worst.
Higher interest rates are supposed to mean higher borrowing costs, which will make people spend less and thereby reduce inflation, but the reverse is the case in my country.
And knowing my country, the inflation rate will just keep increasing and the dullards at the central bank will just keep increasing interest rates without stopping to check if there are other things they can do to fight inflation.
It's frustrating and scary at the same time when you think about the fact that it can only get worst.

I understand your mood, but I see that is the general situation of the world, and one more thing, besides raising interest rates, I have not seen a better solution to fight inflation. I have also studied inflation, and even economists have not found a more effective solution than raising interest rates to control inflation.

This is a global situation that even developed countries cannot avoid. So instead of cursing and blaming the government, we should try to save ourselves because they will keep raising interest rates because that's the only solution.

[slapper]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Predicting the future course of the global economy has grown difficult in light of its constant change. We are all plagued by the spectre of inflation which looms large and causes concern. Relying exclusively on our current income seems risky as we navigate these uncertain times because the tides can quickly shift against us. Our creative soul needs to flourish during these uncomfortable times. We must discover the hidden treasures within ourselves and tap into unrealized potential that can transform into a source of nourishment. Our guiding principles shall be creativity and resourcefulness which will show us the way to monetary stability and resilience. Instead of waiting for adversity to strike let's actively embrace our capacity to convert concepts into real value to ensure that our future is rich even as the world around us changes.

Recognizing the shaky global economy and its risk to our income stability is a sign of today's world. The ambiguity is worrisome, but it's in these times that we find our true strength.

The notion of tapping into our hidden potential as an antidote to financial instability is savvy. It turns an unsettling scenario into a launchpad for personal development and self-sufficiency, nudging us to employ our natural abilities to generate sturdy income streams resilient to economic fluctuations.

However, this is no easy feat. It requires introspection, self-knowledge, and a dash of courage. Yet, it's a praiseworthy approach, deserving pursuit in the face of our ever-changing global economy.

[nlovric]

Snip.....

Predicting the future course of the global economy has grown difficult in light of its constant change. We are all plagued by the spectre of inflation which looms large and causes concern. Relying exclusively on our current income seems risky as we navigate these uncertain times because the tides can quickly shift against us. Our creative soul needs to flourish during these uncomfortable times. We must discover the hidden treasures within ourselves and tap into unrealized potential that can transform into a source of nourishment. Our guiding principles shall be creativity and resourcefulness which will show us the way to monetary stability and resilience. Instead of waiting for adversity to strike let's actively embrace our capacity to convert concepts into real value to ensure that our future is rich even as the world around us changes.

Recognizing the shaky global economy and its risk to our income stability is a sign of today's world. The ambiguity is worrisome, but it's in these times that we find our true strength.

The notion of tapping into our hidden potential as an antidote to financial instability is savvy. It turns an unsettling scenario into a launchpad for personal development and self-sufficiency, nudging us to employ our natural abilities to generate sturdy income streams resilient to economic fluctuations.

However, this is no easy feat. It requires introspection, self-knowledge, and a dash of courage. Yet, it's a praiseworthy approach, deserving pursuit in the face of our ever-changing global economy.

Recognising the vulnerability of our income stability in a world rife with economic uncertainties is a credit to our knowledge and resiliency. Although the general ambiguity can be frightening it is in these turbulent times that we find our inner strength and latent potential. By accepting this idea we turn an unsettling circumstance into a platform for personal development and monetary independence. Deep reflection a profound understanding of ourselves and a little bit of daring are required for this transforming journey. Nevertheless it is a noble endeavour that enables us to tap into our natural talents and abilities creating stable revenue streams that can withstand the ups and downs of a volatile global economy.

[Patrol69]

Not only in your country but in most of the developing countries people are currently facing this problem. Economic problems surround people from all sides. The government has increased the amount of VAT to improve economic conditions. Where earlier one had to pay one dollar of VAT to buy a product, now one has to pay about two dollars of VAT. Increase in the price of goods, increase in VAT, due to increase in these things, it is now very difficult to buy any product for any working middle class. Those who work may somehow manage their families but think about how those who work as day laborers or engage in other occupations manage their families. The government should not only focus on the improvement of its own economic system, but the government of every country should also focus on how the people of the country are living.

[Argoo]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Difficulties with economic development have been, are and will always be and in all countries. Trials come to the share of almost every generation and they need to be overcome. Despite this, it should be recognized that with each new generation the standard of living, and therefore the quality of life, is still improving. Therefore, I do not see any economic impasse. Hard times will pass and give way to development and prosperity, which will again be replaced by economic difficulties.

[Betwrong]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Difficulties with economic development have been, are and will always be and in all countries. Trials come to the share of almost every generation and they need to be overcome. Despite this, it should be recognized that with each new generation the standard of living, and therefore the quality of life, is still improving. Therefore, I do not see any economic impasse. Hard times will pass and give way to development and prosperity, which will again be replaced by economic difficulties.

Not everyone would agree with this statement. In different countries there many people that think that there used to be better times, and in the future even worse times are coming. But agree with you, I don't think we are going towards an impasse. With some temporal fluctuations, economy has been improving and every new crisis is overcome more quickly and with fewer losses.

[mvdheuvel1983]

Personally I have invested in cryptocurrencies but due to the current market, there is no sign that I will profit any time soon, so I guess the result of the investment remains unknown. Although I still have steady income from my job, uncertainties will not diminish as I hope for a stable feed for my family and for savings as much as possible. What is your situation in your country ? Are you going to experience some economic turmoil as well ? Please let me know.

There is no perfect economy. Every country has a version of their economic turmoil largely due to their policies and economic systems. For my country it aside from a couple of months ago when we experienced a s slight increase inflation rate, everything is almost back to normal now but we get one or two times when it is shaken aside that we are okay. From the forecast we expect to see a reduction in unemployment and some other things that would reduce the burden of taxes that small businesses have to pay.

[coupable]

The global economy is increasingly difficult to predict, inflation that is happening globally makes us worry, if we only rely on current income then next month or next year we will experience difficulties, before bad things happen we have to be creative by utilizing all the potential that can become money .

Difficulties with economic development have been, are and will always be and in all countries. Trials come to the share of almost every generation and they need to be overcome. Despite this, it should be recognized that with each new generation the standard of living, and therefore the quality of life, is still improving. Therefore, I do not see any economic impasse. Hard times will pass and give way to development and prosperity, which will again be replaced by economic difficulties.

All analyzes indicate that the world after the Corona crisis is no longer the same as it was before it. Rapid changes in the global economy with new trends imposed a great change on the way of life in various societies, since we are in a globalized economy that affects each other. The current generation is witnessing the beginning of a change in the global system, and future generations will live a completely different reality than what we live in today.
The Ukrainian war proved great geopolitical changes and contributed to shaping the world as it is supposed to be after a global crisis that still exists.