We are heading to recession

[Agbamoni]

Since the Iran-US war started, it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession. We shouldn't be too relaxed and think it will be over, but what if it lasts for a long time and a recession takes place?

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

If it lasts for a long time, your preparation wont help you survive the recession that is coming. The reason is that you wont know which side will be affected by the war, if that is the side that will affect you personally. During a recession, the economic situation gets worse to the extent that the rich are highly affected by the war. I bet no one here wants to experience a recession. Yes, the economy is bad, but it will get worse if the war does not end.

[katanic97]

We have been in recession in my country for the past three years, what is happening now just add little to the suffering that we have been enduring since. It is so bad in my country that people spend up to 30% of their income in feeding and a lot of the middle class have cros to the other side of poverty. If things gets tougher than this, I don't want to imagine how terrible it will be for people all over the world including those feeling the direct impact of the war.

It feels like there’s not much difference between countries directly involved in the conflict and those that aren’t, because a lot of the same problems are happening everywhere. In my country too, people spend around 40% of their income on food and fuel.The political situation is at its worst, and there’s no sign that anything will change soon. Unfortunately, things will probably get even worse, and even when the war ends, it’s a big question how long it’ll take for us to recover from everything

[Japinat]

Maybe for the countries involved in the war, their economics could lead into recession if this war is unstoppable. But for neighboring countries, this current war could only mean temporary crisis, and going into recession is just a very small chance.

Our country may be struggling economically prior this war but I don't think getting into recession is the end game. That's still too far to be possible, as I believe there are still a lot of chances and potentials that our own economy may recover in time.

[Suleiman the Magnificent]

Since the Iran-US war started, it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession. We shouldn't be too relaxed and think it will be over, but what if it lasts for a long time and a recession takes place?

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

Looking at the countries involved in the war, it doesn't seem like they have any intention of ending it. On the contrary, they appear intent on continuing as if the situation actually serves their interests. Because of this, it looks like the economy will be even more adversely affected in the short term. As for being ready for a recession, no matter how prepared we think we are, we can never be truly ready since we don't know exactly what awaits us.

[Cryptomultiplier]

Maybe for the countries involved in the war, their economics could lead into recession if this war is unstoppable. But for neighboring countries, this current war could only mean temporary crisis, and going into recession is just a very small chance.

Our country may be struggling economically prior this war but I don't think getting into recession is the end game. That's still too far to be possible, as I believe there are still a lot of chances and potentials that our own economy may recover in time.

This ongoing war as it is currently has already taken its toll on the citizens of my country because of the hike in price of goods and services all because of oil and it's making the government of my country to think and act in a more proactive manner by trying to ensure they fix up and upgrade refineries within the country. They have also encouraged more local refining to help with the critical situation right now, before it crippled the economy in a more recessive manner as the topic implies.

More countries including Russia and others are staking up more oil to their reserves and some are even going as far as paying incentives to the citizens to sooth this current situation.

[Asiska02]

Since the beginning of this war, I have never for once thought that it could lead to a recession but with how things are being unveiled concerning the intensity of this war, we will likely go into recession and even the local man that has no idea about this war or even know a war is happening is going to feel the heat of the recession.

Oil is one of the most sorted out consumables in all countries and it indirectly contributes to other goods and services in the country which is oil price is affected, they also get affected quickly and in return we face hard times in the market. Recession is actually booming and one more week into the war, we may be heading to that recession zone sooner.

[Reatim]

we are already suffering. the people in my country are suffering because of how high the prices of goods have been. i have also seen more crimes taking place because that’s how much difficult it is now to survive and the government isn’t really doing anything to relieve us of this difficulty.

[Spaceman1000$]

it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession.

Well, I don’t think just the hike in petroleum price can take the world into recession as the world is already even shifting away from the dominance use of petroleum products thereby substituting them for other alternative. Let take the electric vehicle for example are already replacing the gasoline powered vehicles, same as the renewable solar power so I feel like the demand for petrol is getting less as compared to the years back.

It is not as easy as you make it seem, moving away from petroleum seems easy to explain, but if you look deeper, it's only few of the first world countries that are really doing that successful. however lot's of them still rely heavily on gas and petroleum to keep some of their energy turbines running. Crude oil and it's by product plays a major role in most countries economy and as we speak because of the price of crude oil in the international market as a result of the crisis in Iran, it has nearly affected every part of most economies in terms of transportation, in terms of running cost of energy, and these are important parts of economy that if it's been tampered with, the people feel the heat. So if you do not properly manage this kind of situation, an economy can shrink into recession.

[Zigabel]

Whenever there's wars and any forms of unrest in countries, it is usually accompanied with several other situations that could lead to an economic unrest too. At that time you hear and see things like inflation on the rise, this Recession too is very much possible and several other forms of hardship, it is usually not easy answering the questions of how you Intend to prepare for situations like this and that is because when they happen, you cannot really tell how long it will last and when it is going to end. But if you have any form of resources with you, try to employ the best management strategy to keep it so that you will have it for the longest time untill it has all eased off.

[EarnOnVictor]

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

Your concern is genuine, but things will not play out terribly as you think. First, you should know that inflation is not an automatic recession, and we've even seen hyperinflation unable to lead to recession, as there are more contributors to global economic woes before recession happens. The oil crisis is a phase and it shall pass.

Let me now be clear, what's even happening is little compared to the actual problem, but as we know, humans mind are wicked, which is causing much of the increase we experience at pump price. If it were to be the capacity of Strait of Hormuz, it's just 20%, and in this 20%, some vessels are still sailing through, which should make the effect lower even than 20%, right? But in some countries, especially mine, pump price has jumped to about 100%, is that not greed/self-induced and wickedness? However, some sane countries are fighting this, as the government started subsiding to avoid issues on the economy, and many oil producing countries naturally stabilised their. This will cushion the effect globally from causing a recession.

[Oasisman]

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

If it were to be the capacity of Strait of Hormuz, it's just 20%, and in this 20%, some vessels are still sailing through, which should make the effect lower even than 20%, right? But in some countries, especially mine, pump price has jumped to about 100%, is that not greed/self-induced and wickedness? However, some sane countries are fighting this, as the government started subsiding to avoid issues on the economy, and many oil producing countries naturally stabilised their. This will cushion the effect globally from causing a recession.

This normally happens to a country who heavily rely on imported products, especially petrol products. Here in our country,  petrol products have sky rocketed to over 100% increase from what we considered the normal prices before the war broke out. Though it may sound reasonable because over 95% of the country's petrol products is imported, but I think they just put too much increase on the prices, which still threatens to increase furthermore in the next coming weeks. While the government can't even fully subsidise petrol products, and can't even cut portions of taxes temporarily specifically for the said product.

[davis196]

Since the Iran-US war started, it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession. We shouldn't be too relaxed and think it will be over, but what if it lasts for a long time and a recession takes place?

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

Don't be so quick with the "doom and gloom" prophecies. What if the war in the Middle East stops next week or next month? I'm sure that the world would forget about the conflict by the end of the Spring. There are studies, showing that that disruption of the oil and gas markets would cause slower economic growth and higher inflation. There are no signs about a global recession coming, despite the high oil prices.
The only way for anyone to prepare for a global recession is to save more money and to cut unnecessary spending. Investing in times of a recession becomes tough, because the prices of almost all assets are stagnant.

[Accardo]

Whenever there's wars and any forms of unrest in countries, it is usually accompanied with several other situations that could lead to an economic unrest too. At that time you hear and see things like inflation on the rise, this Recession too is very much possible and several other forms of hardship, it is usually not easy answering the questions of how you Intend to prepare for situations like this and that is because when they happen, you cannot really tell how long it will last and when it is going to end. But if you have any form of resources with you, try to employ the best management strategy to keep it so that you will have it for the longest time untill it has all eased off.

Would the recession ever ease off, don't you think, as it has always used to be, that the people will get used to the problem and get to live by it after the whole catastrophe is over. It's probably hard to hear that the cost of a commodity went down after it rose to a significant amount, retailers tend to make this happen atmost in localities.

[abhiseshakana]

I think there are signal that we are heading toward recession such as tight money era which suppress economic growth, geopolitical tension which cause  economic slowdown, in the end there will be weakening on purchasing power as economic engine which will be followed by defensive investor. But categorized these situation as global recession, i think too early because economy still strong such as stable job market, consumption still moving, and the world now adapt faster to any potential crisis than previously.

As for individual, recession will be happens or not we must prepare umbrella before rain drop because matter of fact, many people bankrupt not because crisis but over confidence make they forget to prepare for a recession. When preparing financial plan, many people focusing on investment as asset growth engine but they neglect financial safety as foundation, they forget that problem or shock can come suddenly anytime without notification which can cause cashflow struggle, debt burden and mental pressure. So kindly be note for protect first then grow, which mean have regular income with stable spending,liquid emergency fund saving, zero debt or at least controlable debt, have multiple income and conservatif investment. With this all buffering layer, we can face any crisis without panicking and be victim with selling asset on low price.

[tygeade]

it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession.

Well, I don’t think just the hike in petroleum price can take the world into recession as the world is already even shifting away from the dominance use of petroleum products thereby substituting them for other alternative. Let take the electric vehicle for example are already replacing the gasoline powered vehicles, same as the renewable solar power so I feel like the demand for petrol is getting less as compared to the years back.

While it's true that we are trying to move away from it, that doesn't mean that we already have, we are just seeing those changes recently and we are not there yet, and we should realize how that's not going to be easy to move in a single day.

It means that we still need oil, even though we will need it less and less every year, we still need it a lot, and that's proven by the fact that price of everything is moving upwards because price of gas is going upwards because price of oil is going upwards. That's just the sad reality. I understand we desire to be in a world where there are no wars and no price hikes, but what we desire is not happening right now and we should realize that it is not going to happen anytime soon.

[BALIK]

Maybe for the countries involved in the war, their economics could lead into recession if this war is unstoppable. But for neighboring countries, this current war could only mean temporary crisis, and going into recession is just a very small chance.

Our country may be struggling economically prior this war but I don't think getting into recession is the end game. That's still too far to be possible, as I believe there are still a lot of chances and potentials that our own economy may recover in time.

Whether the remaining countries will face only a temporary crisis or also fall into recession will depend on oil price. If the war does not end and causes oil prices to rise to $180 or $200 as experts fear. That would make a global economic recession almost inevitable.

Remember that oil is the lifeblood of the global economy, and if the supply is disrupted and not replenished in time. Everything will become expensive, inflation will skyrocket...and an economic recession is entirely possible.

Do not underestimate the consequences of this war if it drag on.

[Kelvinid]

I know others would see recession as an exaggeration, but from what I understood about recession, it could also be triggered by a sudden geopolitical conflicts disrupting supply chains. And what we are currently seeing today is exactly a geopolitical conflict wherein there is a dispute between nations that is driven by competition over territory or  natural resources.

Resource control over vital resources like oil, water or critical minerals can fuel war, and with unstoppable war, recession takes place. So we can't be confident that this would not lead into recession, it certainly will if silent revenge will continue to exist.

[CageMabok]

Since the Iran-US war started, it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession. We shouldn't be too relaxed and think it will be over, but what if it lasts for a long time and a recession takes place?

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

Now, the two countries have agreed to a two-week ceasefire, which means the war will continue beyond the next two weeks. And I personally don't like war because the impact is devastating on a global scale, and it's also not good for the countries at war, as their own citizens will immediately experience hardship. So, if you ask about preparedness for this recession, almost everyone will probably say they're not prepared, even if they have to face it. People who are usually comfortable in peaceful conditions will find it difficult to adjust to the adverse conditions caused by war.

[liasbaa]

Since the Iran-US war started, it has really affected the oil market badly, and this war is affecting all countries. It seems the war won't be ending anytime soon. People should keep this in mind: this war can lead to a recession. We shouldn't be too relaxed and think it will be over, but what if it lasts for a long time and a recession takes place?

How prepared are you to go through this hard time? Recessions are always tough, but people who prepare for them don't really feel the impact as much.

When the effects of war spread around the world, you cannot easily keep yourself safe from that situation. You have to go to work every day but there is no oil in your car. The same is true for alternative means of transport and you have to pay extra for transportation. There is a demand for oil in the daily transportation of goods, if there is an oil crisis, the price of goods will gradually increase.

You will not be able to get out of this global negative impact easily because even personally if you have a lot of money flow, if there is no supply of goods, you will not be able to live a normal life.

Considering the risk of losing your job due to the harmful effects of the economic recession, I am trying to earn money in alternative ways and keep myself in a good position financially. Although there has been a ceasefire recently, it will still take time to take effect. The transportation of goods through the Strait of Hormuz has been hindered since the war started and even if the ceasefire is effective, it will take a long time to return to normal.

[michellee]

Ready or not, we must prepare as it is difficult knowing how long the war will lasts but we should use time we have to prepare using what we have. If the recession happens in our country, we must surviving with any we have and not just waiting without doing something. I think slowly the recession already comes and some countries already gets the affect so before that happens in our country, we should prepare and don't complain.