Is the current economic situation really that bad?

[sleepfirefly]

The recent advancements in technology, made people lazier than ever. We can blame the Internet and AI for this. It will only get worse in the long run. Eventually, most human-based tasks will be performed by AI. This translates into less jobs and a crippled economy. Unless, governments and central banks find a way to keep the economy afloat with such drastic changes.

A good economic landscape will bring a better quality of life to many. I sure hope things get back to normal before it's too late. With sound monetary policies, anything's possible. Right?

It is true, from the advancement of technology it is clear that it can advance a country or region, and that is a good achievement, especially with the advancement of AI and internet technology which is now widely used, so everything is easy and the effect is that the economy, becomes more difficult because it is replaced by this technology and there are risks behind this progress.

The fast advancement is technology is making things to look like we are enjoying without knowing that it's making us very lazy.
The advancement of artificial intelligence has made work looks easier but many do not know that time will come when robot will be the ones doing our jobs because they want us to believe that robot is more smarter than us. Many are still sleeping without knowing that we are already in the technology era which the truth might become difficult to tell since your voices, images can be synchronized which can be used to create an imitation of you.

technology is meant to make our lives easier but for now ai is being used for the wrong reasons right now since people are too amazed to realize the dangers of ai just yet but eventually they will realize the consequences hopefully it is not yet too late

[rangga28]

Well the situation maybe bad but not like that, it depends. The whole world is facing financial crunch, but majority of this problem emanated from each country leader due to bad leadership. Why I said this is that even as there is financial crunch in many countries, there are still countries with good governance and no economic crunch reasons being that there is a good leadership. When the leadership is good economic financial system becomes stable.

The world is currently not experiencing a severe financial crisis, but rather a slowdown due to several factors. Many countries are indeed facing geopolitical uncertainty, which is impacting their economic policies. Of course, when global uncertainty arises, the role of leaders is crucial in managing economic policies to maintain stability.

[aysha9853]

It depends on where you are and what you do, inflation cooled down in some countries, but prices never really came back down energy, housing and food still hurt, the global system is more fragile now, so even small shocks feel big.

[Mate2237]

It depends on where you are and what you do, inflation cooled down in some countries, but prices never really came back down energy, housing and food still hurt, the global system is more fragile now, so even small shocks feel big.

Your right how harsh the current global economic instabilities are depends on the kind of country that, you live in because different countries has different inflation rates which goes a long way in affecting the standard of living in the country. Different governments has different approach in curbing their economic situation.there are countries that has managed to bring down their inflation rate because the government has been proactive in addressing their economic challenges.



Mostly the countries that are worst hit by the global inflation crisis are country that depends on import for their day to day goods in the market. Government should support local manufacturing so that local demands can be ment this is the only way through which a country can reduce the effect of inflation.

[DiMarxist]

Your right how harsh the current global economic instabilities are depends on the kind of country that, you live in because different countries has different inflation rates which goes a long way in affecting the standard of living in the country. Different governments has different approach in curbing their economic situation.there are countries that has managed to bring down their inflation rate because the government has been proactive in addressing their economic challenges.



Mostly the countries that are worst hit by the global inflation crisis are country that depends on import for their day to day goods in the market. Government should support local manufacturing so that local demands can be ment this is the only way through which a country can reduce the effect of inflation.

The impact of global economic instability really does vary from country to country, largely because of economic structures, and government responses are different. Countries with well coordinated policies tend to manage inflation better and protect their citizens standard of living. And i also agree with your point about import dependent economies. When a country relies heavily on imports for everyday goods, exchange rate pressures and global price shocks quickly translate into higher local prices. Supporting local manufacturing is a crucial solution, as it helps meet domestic demand, creates jobs, and strengthens economy.

[Unknown Op]

Your right how harsh the current global economic instabilities are depends on the kind of country that, you live in because different countries has different inflation rates which goes a long way in affecting the standard of living in the country. Different governments has different approach in curbing their economic situation.there are countries that has managed to bring down their inflation rate because the government has been proactive in addressing their economic challenges.



Mostly the countries that are worst hit by the global inflation crisis are country that depends on import for their day to day goods in the market. Government should support local manufacturing so that local demands can be ment this is the only way through which a country can reduce the effect of inflation.

The impact of global economic instability really does vary from country to country, largely because of economic structures, and government responses are different. Countries with well coordinated policies tend to manage inflation better and protect their citizens standard of living. And i also agree with your point about import dependent economies. When a country relies heavily on imports for everyday goods, exchange rate pressures and global price shocks quickly translate into higher local prices. Supporting local manufacturing is a crucial solution, as it helps meet domestic demand, creates jobs, and strengthens economy.

We are watching side effects of COVID-19 And we saw very negative impact of COVID because millions of people are died due to that And we saw worse impact of that . Every person should learn from that situation because we saw great impact of COVID on daily life . Expenses are more and people are not able to buy stationary who want to learn at that time because people have to do effort to compete with the economic situation. We are watching big wars against different countries which is applying pressure on these countries and we are watching no benefit of war . Ukraine -Russia war was due to Russia because one country tried to be dominant and we saw dominant country.

[ZAINmalik75]

Well the effects of COVID-19 we're definitely still being experience world wide and dozens countries are now officially dealing with additional challenges just like neighbouring Conflicts as well as  internal political problems/instability and the most common rising inflation have placed strong hold on economies. The poorest groups suffer the mostly because their resources and opportunities were set  quite limited and hasn't allowed any compensation, while powerful and wealthy individuals mostly focus on their own goals instead of thier support.

Everyone wants his own interest while media is also under control because they are also not allowing to have positive things to be appeared for all they are also looking for their interest, and they are under control of those are taking good advantage of this chaos just because of these few factors its looking bad.

[Abiky]

The world is currently not experiencing a severe financial crisis, but rather a slowdown due to several factors. Many countries are indeed facing geopolitical uncertainty, which is impacting their economic policies. Of course, when global uncertainty arises, the role of leaders is crucial in managing economic policies to maintain stability.

You think? Because when you see core inflation rising at a very fast pace, that's when we know the economy is in a terrible situation. Especially when it's happening at a large scale worldwide. Governments and central banks have been lying to us since the start of the pandemic, claiming they have things under control. But the truth is, they're struggling to find a balance (equilibrium) that would help them restore the economy back to its former glory. Reckless government spending during the COVID-19 era, rising geopolitical tensions, and uncertain trade policies (trade wars) have led us to the point where we are right now.

It's going to take years before things go back to normal (if it ever does). First off, geopolitical tensions need to ease for a while. I'm talking about ending the Russo-Ukraine crisis, Israel-Gaza conflict, etc. Then, the US needs to stop its "back and forth" tariff rates, to bring back confidence from investors (the USD is in fact, the world's reserve currency). Only then, the world will start seeing signs the economy is recovering. Otherwise, things will only get worse. If they do get worse, we would be on the verge of WW3 (full collapse of our society). We wouldn't want this to happen, do we?

[Jateng]

The impact of global economic instability really does vary from country to country, largely because of economic structures, and government responses are different. Countries with well coordinated policies tend to manage inflation better and protect their citizens standard of living. And i also agree with your point about import dependent economies. When a country relies heavily on imports for everyday goods, exchange rate pressures and global price shocks quickly translate into higher local prices. Supporting local manufacturing is a crucial solution, as it helps meet domestic demand, creates jobs, and strengthens economy.

Yes currently economics situation is really bad especially for the developing countries. They highly affected by the high wave of inflation. Even the prices of basic goods rise much. This inflation hit almost every class of the society. But government of that countries failed to provide any relief to their public against it. they have to rely on loans from IMF. That is another burden on the public or on the economy. Every year interest rate is increasing or they have to follow strict policies of IMF. standard of living affected side by side it raise social inequalities. it is not possible for them to come back on normal economic condition. So progress and growth in income become major challenge for them

[devlin85]

The economic situation is clearly bad, but in some places it is more noticeable than in others, depending on each country's economic structure and the ability of its government to respond with coherent and timely policies.
For example, in developed countries, although inflation and the cost of living have risen, there are more buffers such as a relatively stable currency, the ability to adjust monetary policies, and access to financing. Although the pressure is felt somewhat, it is not comparable to developing countries, where the situation is much harsher, as dependence on imports causes prices to rise, reducing the purchasing power of the population.

[blockman]

The economic situation is clearly bad, but in some places it is more noticeable than in others, depending on each country's economic structure and the ability of its government to respond with coherent and timely policies.
For example, in developed countries, although inflation and the cost of living have risen, there are more buffers such as a relatively stable currency, the ability to adjust monetary policies, and access to financing. Although the pressure is felt somewhat, it is not comparable to developing countries, where the situation is much harsher, as dependence on imports causes prices to rise, reducing the purchasing power of the population.

Like in our country, it's definitely bad. The inflation continues to rise and almost every industry is not that doing good at all. Add it up the tariffs that Trump has given to our country, that also gives more hardship for our businessmen to be able to adjust. There's also a reason why the economy is like that and it's all about the mismanagement of the government. For example, the tourism that we've got for this year, it's a choke for that industry because of how its secretary doesn't manage it well and add the corruption that's happening here so it totals everything.

[gibrab16]

I wouldn’t call it a full-blown financial crisis yet. What we’re seeing now is more of a global slowdown caused by multiple factors. A lot of countries are dealing with geopolitical uncertainty, and that’s clearly affecting their economic policies.

When things get uncertain on a global level, leadership really matters. How governments handle monetary and fiscal policies during times like this can either stabilize the economy or make things worse. For now, it’s more about navigating uncertainty than surviving a collapse.