Quote from: Zlantann on Today at 02:01:13 AM

Quote from: a298b112 on October 31, 2022, 08:54:58 AM

So the question is, what is going on there, are we really heading to recession? (or this is how markets work, so that people always speculate? )

Recession is when a country experiences a fall in Gross Domestic Product for two quarters consistently. But the recent recession is affecting almost all the economies of the world because many countries have even experienced more than two quarters of fall in GDP. In my country we are not on recession but the effect of the recession experienced by other nations have increase the prices or goods and services. The high cost of gas and crude has affected my nation's economy that we might be heading to recession in few quarters. The main triggers of the recent recession most nations are facing is the negative impact of Covid-19 lock-downs and the Russian invasion of Ukraine. I am not really blaming the government of my nation for the economic hardship because the causes of it are uncontrollable external economic factors.

In theory, I think that many countries have fallen into recession, including the US, they have had 2 consecutive quarters of negative growth but they still claim that they have not entered a recession. In my opinion, it's all man-made so it's subject to change, so recession or not will depend on how each country measures recession.

You're the first person I've seen who takes a different look at the current crisis. Most people are trying to blame their government for not taking action to prevent inflation and crisis but they don't know that all countries in the world are interconnected, once a crisis occurs in one region or a few countries, it affects other countries. The crisis is happening globally so no country can avoid it, the government is also trying its best, we should also sympathize with them, don't just blame them while the world situation is not getting better.