Quote from: Marvell1 on Today at 05:22:39 AM

Quote from: Rockstarguy on August 29, 2024, 05:08:00 PM

Quote from: Lida93 on August 29, 2024, 06:18:24 AM

In life change is constant and so therefore it's expedient that we will continue experiencing different patterns of changes in all spheres of life and the economy is not exclusive to these changes.

Unfortunately, the changes we see today in our economy when we compare the past to the present we can vivid agree that things are rather changing from bad to worse with life getting harder and hasher than it has ever been despite the technological developments that society have evolve in.

I don't know about your view but the truth is that in my part of the world inflation is bitting really hard and as a consequence people are finding it hard to provide healthy three square meal, pay tuition fees and utility bills (some have dropout while others homeless), or even affording the basic necessities of life entirely without milking themselves, it was this bad when I was growing up as a little boy. Times have really changed.

I think the economy have become worse than how it was some years back because of so many challenges. Just some few years ago the world was combating pandemic which many are trying to recover from it. The pandemic disrupted so many activities which affected the economy so much because of the lookdown.

Some policies of the monetary system have also affected the economy, wars and conflict have also play a role for this hard time we experience today. The politicians we have today are different from the ones we had before now, people who want to be in power for their own selfish interests but not for the interest of the people. Change is just the reason why we face difficult time in this modern day, i just hope everything change just like how it was before.

The Covid pandemic is not the only pandemic the world has ever experienced, there have been many pandemics that caused much greater loss and damage in the past. Also, things take time to recover and grow, we were worse in 2022 but things are slowly getting much more stable. So to say that things are worse than before is too hasty, I don't think that's true.

Our economy is also cyclical and we are in a transitional period so there will be certain difficulties but I believe everything will recover and grow to new heights. Also, whether you feel the world is getting better or worse is up to you, the world will be different in everyone's eyes. People who earn more and more money will see the world getting better and better and vice versa.

The COVID-19 pandemic may not be the only pandemic that have hit the world but it's devastating effect did change many things and activities around the globe, the challenges it created are still felt, ranging from work engagement, social relations and the macro economy performance. A lot of persons that were layoff are still grappling with unemployment till date. The economy is not in any recovery neither are there signs to that effect rather what we're witnessing on daily basis is hikes in prices of goods and services and high insecurity challenges which weren't there before the COVID-19 wave.

To worsen the harsh conditions the emergence of the Ukrain-Russia war, and other conflicts in the Middle East all these indexes put together can we really say things are getting better, life's standard is improving. Because from what it is an estimation of above two-thirds of the world population are finding it hard to survive the hard times.