Is the current economic situation really that bad?

[iv4n]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:
...

It seems that the world is facing a financial crunch every year at least twice... and as always, some politicians/banks/states magically solve all the issues and new promises are made, until the next time when they say how we need to drive less because environment, we need to spend less money and to live a humble life.

I am not buying those stories anymore, when some people lose money others are making fortunes. Somehow the big players are staying in the high positions, which is a normal thing since they run the game with their bankrolls. So don't bother with them, watch yourself, and do what you think is best for you.

[kuriboh]

Anyone will feel the increase in the price of goods , but what I want to say is that people with high incomes do not feel insecure about those things, unlike people with middle and low incomes.

As with many problems, low income people have more issues like this because their salaries have not improved. They find it very difficult to move forward. And on the other hand, the high income people don't have anything to do with them because their salaries are very high, they ignore the high or low prices of the goods, and they continue at their pace, On the other hand, it is seen that the lower class people suffer a lot. We have to eliminate these inequalities, and the only way to do so is for the government to look into them.

[Promocodeudo]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

Op many countries has been faced with high level of inflation, all you mention are also contributing factors to the world economic crumble, the country that I came from is suffering form hardship not because we dont have the resources but because the government fail to do the needful right from when the country gained independence, although I can also say that covid-19 contributed to my country economic downfall but our leaders has deviated from governance to personal gains which is capable of ruining the entire country well being if care is mot taken.
Harsh economic policies has also been a problem to us, during the inauguration of my country new president last year, the president announced the removal of subsidy which is not bad if things were put in place to curtail anything that may come as a result that decision.from last year till now there has been much hunger in the land because the president failed to put thing right before taking such decision, the youths and civil society organisations has been protesting to make the presidwnt to change his mind but to no avail for now.
Op your observation is right, personally my country economic woes is been caused by wrong economic policies and this is really bitting very hard on the country because companies are living and people are losing their jobs daily because of production cost, inflation is really on the rise at this point technocrats are really needed to see if they can remedy the situation at hand.

[Akbarkoe]

Actually, to evaluate whether the economic situation is stable or not, I think it depends on each person. In general, the general situation is that our world is increasingly unstable, not only geopolitical instability, but climate change instability and global warming are also directly affecting the economy, affecting our daily lives. And I believe that life will get more and more difficult instead of thinking that everything will soon return to normal as before.

For people with good jobs and high incomes, they will not feel insecure about today's economic situation even if commodity prices increase. But for people with low income or unemployment, they will clearly feel that the economy seems to be suffocating them, making it difficult to breathe.

I think this will also be felt by people with high incomes, especially those who always budget their money for their own needs, of course it will be felt, some people who have a middle to upper economy always use a monthly budget for their lives for the next month will definitely be felt by them, unless they do not use it to stabilize their finances.

For me, being in the lower class, it is much more pronounced, because basic commodities have gone up, so in this situation it is very difficult to be able to save and so on, even though I have a decent salary, but at the end of the month I can't save like in previous years.

Anyone will feel the increase in the price of goods , but what I want to say is that people with high incomes do not feel insecure about those things, unlike people with middle and low incomes.
Like in my country , the government has just passed a bill to increase salaries for civil servants and public employees by up to 30% . That has helped many people feel that it is still not too suffocating compared to the increase in commodity prices these days . But on the other hand, farmers and workers , who have low incomes and do not enjoy the same benefits as state employees are struggling with soaring prices . 

So if that is the goal, it will go back to the response of each person.

It is too favorable to civil servants, this will not be balanced with farmers or laborers in the community, this will have a big effect on the circulation of money in the community which is certain that the social gap will also be very far away if left like that which will result in bad things in the economic hierarchy system.

Of course the farmers will be very difficult with the burden placed on them, especially if the government likes to add imported crops that make farmers depressed with low selling prices while the needs are very high.

[fuguebtc]

-.-  

So if that is the goal, it will go back to the response of each person.

It is too favorable to civil servants, this will not be balanced with farmers or laborers in the community, this will have a big effect on the circulation of money in the community which is certain that the social gap will also be very far away if left like that which will result in bad things in the economic hierarchy system.

Of course the farmers will be very difficult with the burden placed on them, especially if the government likes to add imported crops that make farmers depressed with low selling prices while the needs are very high.

If it comes to the issue of fairness or unfairness, there will be many factors to consider and there will be disagreements because those who do not enjoy those benefits will never accept them for any reason . Besides, it's the government's decision and there's nothing anyone can do about it, complaining won't change their decision .

What we are talking about is the impact of rising inflation and rising commodity prices. And as I said: people with stable jobs and high incomes won't worry too much about it . It's not that it doesn't affect them because they also spend more money, but with their income, they will think differently than people with lower incomes . So my solution is to always find ways to increase my income instead of waiting for the government to solve it . That way , I also feel easier to breathe even though prices are increasing very high .

[Mr.sprin]

So if that is the goal, it will go back to the response of each person.

It is too favorable to civil servants, this will not be balanced with farmers or laborers in the community, this will have a big effect on the circulation of money in the community which is certain that the social gap will also be very far away if left like that which will result in bad things in the economic hierarchy system.

Of course the farmers will be very difficult with the burden placed on them, especially if the government likes to add imported crops that make farmers depressed with low selling prices while the needs are very high.

Yes, that's right, bro, now what we are sad to see is casual daily laborers, farmers and planters, with prices continuing to soar but their selling prices are very low, all materials are imported, making it difficult for middle and lower class people to adapt to the current economic situation. society is really declining, income and expenditure are at a higher rate, so it is very difficult for them to survive, like it or not, they have to look for loans from other people, thankfully there is no interest charged, if they get used to the interest it will make them scream even more about their economy.

[bitgolden]

What's bad isn't even just the economy itself, I mean that's bad and I agree but that's not the entire point of why we are feeling so down at the moment. I feel like it is the fact that we are not seeing a way out, and the system is designed in a way that's trying to save the big companies, and right now they are having trouble, so they are quickly making people poorer and poorer to save those big companies.

Back in the day that's what they wanted to do too, but they were capable of doing that by taking a little from all of us, and what's left was enough for us, now we are not even making enough to live, and still trying to take from us, which doesn't work.

So everything at this moment looks like it is not going to be better. Like 40 years ago, when things got worse, if you asked people would it recover in 10 years, they had some hope, some of them at least.

Today, if you ask people if we will be better or worse in 10 years, 95%+ will say that it will be worse and that's out problem. Sure, it is bad right now, and we are sad that it's bad right now, but what is sadder is the fact that we know it will be even worse in 10 years, so we are very very scared about it, and doing nothing good at all, we are selling our today, for a worse life tomorrow, which makes no sense.

[CK485]

Yes, that's right, bro, now what we are sad to see is casual daily laborers, farmers and planters, with prices continuing to soar but their selling prices are very low, all materials are imported, making it difficult for middle and lower class people to adapt to the current economic situation. society is really declining, income and expenditure are at a higher rate, so it is very difficult for them to survive, like it or not, they have to look for loans from other people, thankfully there is no interest charged, if they get used to the interest it will make them scream even more about their economy.

important sectors in the economy help maintain stability, with current prices experiencing a mismatch in prices it is very difficult to adjust, the impact between capital and selling goods is not appropriate, with the many imported goods on the market causing commodity prices to fall and can harm domestic products because the products are less marketable, in this case the need for a balance between demand, supply and supporting factors, because the price and availability of similar goods as a affects the current economic cycle, with the income they generate now of course not balanced with the price and purchasing power on the market today.

[GigaBit]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

Economic problems started in the world in recent times mainly after covid-19. But a bigger problem than Covid-19 has emerged since the war in Ukraine with Russia. Added to this is the war between Palestine and Israel. If the war is prolonged, the financial situation cannot be expected to change very easily. Ukraine and Russia have been at war for a long time, disrupting production there. There have been various crises in the world including food, oil shortage due to which inflation has also increased. If this situation continues for a long time, it is difficult to hope that the financial situation will ever improve, but if each country thinks about how they can cover the deficits by spending, this situation can change.

[Akbarkoe]

So if that is the goal, it will go back to the response of each person.

It is too favorable to civil servants, this will not be balanced with farmers or laborers in the community, this will have a big effect on the circulation of money in the community which is certain that the social gap will also be very far away if left like that which will result in bad things in the economic hierarchy system.

Of course the farmers will be very difficult with the burden placed on them, especially if the government likes to add imported crops that make farmers depressed with low selling prices while the needs are very high.

Yes, that's right, bro, now what we are sad to see is casual daily laborers, farmers and planters, with prices continuing to soar but their selling prices are very low, all materials are imported, making it difficult for middle and lower class people to adapt to the current economic situation. society is really declining, income and expenditure are at a higher rate, so it is very difficult for them to survive, like it or not, they have to look for loans from other people, thankfully there is no interest charged, if they get used to the interest it will make them scream even more about their economy.

In fact, the big problem that occurs due to this difficulty in my country is that many people are in trouble and choose online loans where they are charged with considerable interest, while work is very difficult and not a few are in arrears so that they end up in legal action because they cannot pay, this situation is very sad.

If you want to read the news, although this is old news, it proves that the economy has not improved over the past year. https://www.cnbcindonesia.com/market/20230913135043-17-472106/12-pinjol-dengan-kredit-macet-paling-parah

[MissNonFall9]

Actually, to evaluate whether the economic situation is stable or not, I think it depends on each person. In general, the general situation is that our world is increasingly unstable, not only geopolitical instability, but climate change instability and global warming are also directly affecting the economy, affecting our daily lives. And I believe that life will get more and more difficult instead of thinking that everything will soon return to normal as before.

For people with good jobs and high incomes, they will not feel insecure about today's economic situation even if commodity prices increase. But for people with low income or unemployment, they will clearly feel that the economy seems to be suffocating them, making it difficult to breathe.

For many years I have been thinking that the situation will change, I will live a comfortable life and financial peace will come. But day by day life is getting tougher and tougher. However my income has increased since before but that peace is not coming anymore. Is it because of my increased financial ability that the demand has also increased or the world economy is becoming unstable? This is why your belief matches my reality exactly, financial comfort is no longer available but is gradually moving towards a more serious situation and it will be longer in the future.

[rhodelmabanal]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

Before the crisis happen the economy of country is already bad, because there are still corrupt politician and then the pandemic and war happen happen the situation is becoming more worst than we expected because the war makes the cost of the fuel so high and it makes the transportations of product harder it cost very high expenses in fuel to transfer product from one place to another and it makes the products high at price, so for me i think the situation is still very bad we are still in the stage of recovering.

[Myleschetty]

Yes, the whole world is experiencing a financial crunch and it all started with the government's naive printing of more fiat currency every year while the tension of the conflict between Russia and Ukraine was caused by political benefits.
About the post Pandemic aftermath, my belief is that the pandemic has taught the government a great lesson but they chose to ignore the positive impact the adoption of cryptocurrency will cause

[Tigerheart3026]

many of the countries economic situation is not good this is the real scenario almost in every country, but i think my country's economic condition is too bad from other countries because of last week our prime minister resigns after mass protest, so that now a lot of crisis in the country, inflation is high, because central bank printing billions of money.

[South Park]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

Before the crisis happen the economy of country is already bad, because there are still corrupt politician and then the pandemic and war happen happen the situation is becoming more worst than we expected because the war makes the cost of the fuel so high and it makes the transportations of product harder it cost very high expenses in fuel to transfer product from one place to another and it makes the products high at price, so for me i think the situation is still very bad we are still in the stage of recovering.

Things could get even worse, the tensions on the middle east are increasing and we do not know when China may decide to make their own move, and once that happens you can be sure the markets will take a nosedive, so if the country where you are living was already in a bad position then such position will only worsen, as it could take it years before a full recovery were to happen, and that would only be true if we did not found yet another obstacle for the economic recovery we all want.

[DiMarxist]

I don't like when we play or argue politics on blame game. The COVID-19 has come and gone. And the governments that were on sit were not increasing any inflation aftermath of the pandemic. And after the COVID-19 pandemic, many countries have changed government and things were doing well. So if a new government is coming in, he has to maintain that level from the previous government and make things easy for the citizens to enjoy and not to destroy the already established structure and he can't even maintain the economy again.
In Africa, the middle east and the west.is now on boiling stage. Protest everything day because of the bad government with their bad or wrong policies.

[Ojima-ojo]

I don't like when we play or argue politics on blame game. The COVID-19 has come and gone. And the governments that were on sit were not increasing any inflation aftermath of the pandemic. And after the COVID-19 pandemic, many countries have changed government and things were doing well. So if a new government is coming in, he has to maintain that level from the previous government and make things easy for the citizens to enjoy and not to destroy the already established structure and he can't even maintain the economy again.
In Africa, the middle east and the west.is now on boiling stage. Protest everything day because of the bad government with their bad or wrong policies.

You said let leave politics aside but from the look of things, this comment is somewhat political, but let focus on COVID-19 and it economic impact on most countries around the world, yes covid have come and gone,, but it impact still remains very fresh on almost all the countries of the world, even the United States, no country that is free from the economic hardship that covid brought with it, we can say that some countries have managed their own better but not totally free from it impact yet.


Government inherit both assets and debt from the previous governments, but the fact that building on the continuation of old government may likely not work for most politicians because past is always past and in Africa most past leader always leave debt behind.

[DaNNy001]

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

The worlds economy is crumbling everyday , in some countries they have lost the value of their currency due to the increase in dollar rate where I'm from in Africa a lot of people are barely surviving because the inflation keeps increasing daily..The economy is failing drastically, the cost of petrol has sky rocketed and now it has affected the price of goods and other things... The only solution to this is to reduce the cost of petrol

[Ryu_Ar1]

many of the countries economic situation is not good this is the real scenario almost in every country, but i think my country's economic condition is too bad from other countries because of last week our prime minister resigns after mass protest, so that now a lot of crisis in the country, inflation is high, because central bank printing billions of money.

Everyone must be feeling the same way right now regardless of whether or not conditions are much worse for one country and another but ultimately the impact of the current economic downturn is felt by all.

It's the same with me right now even though I'm still able to survive, but in my neighborhood there are already more and more people complaining about their fate, especially in the current financial condition. But indeed this also cannot be changed quickly because after all, as we know before that all feel the same impact no matter how small or large the country we live in now with the current conditions and with the worsening of the unfinished covid and several other problems such as geopolitics that are still hot, I think this will continue.

[Mr.right85]

When it comes to how bad the economy has come to be across the world, I could only pin it all on 2 things and that is,

IMF and Corruption.

Nothing kills the economy more than these two, not the Rrussia/Ukrain or Israel/Hamas demonstration. These are just an addition to what is or what has been.
When majority of the revenue generated is used to service debt, only for the government to borrow again, then you know the nation is in real trouble. Not being able to sustain yourself is a nightmare and that’s the state of most nations as it is.