Post
Topic
Board Economics
Re: Recession soon?
by
Rockstarguy
on 14/03/2024, 13:29:17 UTC
Looks like it is going to happed.

A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.
No one knows what will happen next and where we are heading to, in the past the recession that happened was as a surprise that nobody even expect it to happen.  Recession can happen anytime, but the important thing is that we need to learn to be prepared for recession by saving and investing because the future can never predicted.  The last recession was as a result of covid and it took people unaware,  it was only people that was prepared that was able to survive the recession then. No one can tell when another will be coming, I think we need to be prepared financially for the future because anything can happen.