Quote from: Kriptogram14 on Today at 08:26:40 AM

Quote from: Jatiluhung on Today at 07:20:51 AM

Quote from: kentrolla on February 24, 2024, 10:49:29 PM

People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.

I think that in several countries a recession is currently occurring. And several other countries are also struggling to avoid recession. But I think after the inflation that occurred in previous years it will be quite difficult to avoid a recession in the end. We personally just have to be prepared for all the possibilities that could happen. So I have been preparing myself since the previous years. Because I saw that the potential for a recession was very large after hearing that the Central Bank had increased interest rates in previous years. Since then I started preparing myself. But now several countries are starting to recover economically. But the majority are still in a situation that is quite difficult. Because it seems like most people are trapped in a recession at the moment. But it seems that quite a lot of Asian countries can avoid the current recession.

It's a shame that today's society is increasingly crying out for economic rights, not to mention inflation, now it's a recession, when will the suffering of the lower middle class disappear, it's okay for those of us who earn above the minimum can prepare by making savings for the future, but for the lower middle class how do they save, meanwhile Their income is just enough for one day's food, sometimes even then they don't have to borrow money from their neighbors. Regional and central officials have to be really serious about dealing with this recession, because it affects all levels of society, even today the price of basic necessities has soared, such as oil, rice and others. , the basic commodities that we consume every day continue to soar, what will happen to us in the future, talking about preparing, to what extent can we prepare ourselves for a recession, it is truly a shame what will happen to the people in our country in the future, hopefully there is a way out of this. all these problems.

A cycle, right? The lower middle class always gets the short straw, struggling to survive. Savings? Something so foreign to them it may be from another planet. We expect resilience without a lifeline

Our combined apathy and rising basic necessity prices are disgusting. We must demand more from our authorities than superficial remedies. It's about systemic transformation and policies that heal, not bandage. Access to education, financial knowledge, and healthcare are necessities
Preparing for recession? It goes beyond saving money. Building a society that can survive economic shocks. Change the topic from despair to determination. The future looks terrible, but it's not set in stone. We can create a path that thrives together