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Topic: 2022 year Will be Bad for Economy (Read 266 times)

hero member
Activity: 1498
Merit: 711
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July 17, 2021, 12:42:46 PM
#28
This particular fact or points of yours can only come in existence due to, or depends on country we come from, because what really brings economic setback of a country, is it's economically management, their is so many countries that is battling for economic Criss due to lack of plans, 2022 can be a year of country A economic elevation and it can also be a country B economic setback, it actually based on the country plans to eradicate a downfall of economically problem, so it base on individual country and it's not what we generalize because we all are not from the same country or continent.
legendary
Activity: 2366
Merit: 1624
Do not die for Putin
July 17, 2021, 12:06:17 PM
#27
There seems to be a disconnect between the financial and economic assets and the real economy. Some companies are valued at very high multiples of their earning and that would normally be considered as a sign of a bubble. However, it is simply due to the massive money printing by the fed that has nowhere (no-bond) to go to for interests. That may change even with a little of interest rates raising, but politically would come to a great cost for governments. It is unclear when and how the gap will close.
sr. member
Activity: 2366
Merit: 448
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July 17, 2021, 11:43:54 AM
#26
Even if the spread of the virus decreases it will take time for the economy to improve. Economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a large long term negative impact on the flow of export earnings and remittances. The ongoing economic crisis has also led to a huge jump in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.

The impact of Covid is indeed very heavy for global economy, and there will be a long-term economic decline, in my country there are many rich people who sell assets such as cars, property and gold, they hold cash because it is difficult to find income during Covid, we only hope that Covid will end soon and the economy the world is getting great again.
- Everyone wants to end soon, no one wants to prolong such a dismal economic situation, but perhaps Covid is a relatively stubborn person, instead of being pushed back quickly, it is constantly molting, the governments of many countries were also forced to impose lockdowns on major cities and prohibit travel outside to limit the spread of the virus. Everyone's savings probably dropped quite a bit in 2021, without a job and still having to eat, maybe 2022 will be a difficult situation due to unemployment and no savings
Leave everything to the experts and I am sure the government will work hard and work well to resolve Covid which has a bad impact on the country's economy, because this is a disaster that must be accepted gracefully.
and currently the vaccination is in progress although it still takes a long time to be evenly distributed and after that it is possible to control the economy or see its development, because the news focuses on the development of covid without knowing the fate of the economy which seems to be fine, and the economy will recover if covid can be overcome.
copper member
Activity: 224
Merit: 2
TheStandard
July 17, 2021, 10:44:53 AM
#25
the economy this year is very bad i don't think the covid-19 epidemic will end by 2022 because the pandemic is very big and if it does it will still have a negative economic impact and recession , like where i am in a lot of unemployed people life is miserable , this is my worst year.
hero member
Activity: 1302
Merit: 503
July 17, 2021, 10:26:39 AM
#24
Even if the spread of the virus decreases it will take time for the economy to improve. Economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a large long term negative impact on the flow of export earnings and remittances. The ongoing economic crisis has also led to a huge jump in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.

The impact of Covid is indeed very heavy for global economy, and there will be a long-term economic decline, in my country there are many rich people who sell assets such as cars, property and gold, they hold cash because it is difficult to find income during Covid, we only hope that Covid will end soon and the economy the world is getting great again.
- Everyone wants to end soon, no one wants to prolong such a dismal economic situation, but perhaps Covid is a relatively stubborn person, instead of being pushed back quickly, it is constantly molting, the governments of many countries were also forced to impose lockdowns on major cities and prohibit travel outside to limit the spread of the virus. Everyone's savings probably dropped quite a bit in 2021, without a job and still having to eat, maybe 2022 will be a difficult situation due to unemployment and no savings
sr. member
Activity: 1428
Merit: 252
July 16, 2021, 11:35:13 PM
#23
Even if the spread of the virus decreases it will take time for the economy to improve. Economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a large long term negative impact on the flow of export earnings and remittances. The ongoing economic crisis has also led to a huge jump in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.

The impact of Covid is indeed very heavy for global economy, and there will be a long-term economic decline, in my country there are many rich people who sell assets such as cars, property and gold, they hold cash because it is difficult to find income during Covid, we only hope that Covid will end soon and the economy the world is getting great again.
hero member
Activity: 2660
Merit: 630
Vave.com - Crypto Casino
July 16, 2021, 03:38:03 PM
#22
Sooner or later, I think that we will witness an economic recession which will affect the whole world. And fiat money will just be in a really big trouble. Then, people who have invested into gold or any other thing rather than fiat aren't going to be in a big loss or they will even be in zero loss I think.

There is possibility for such global recession with the printing of money and political tussle going around that may lead to war or buying of war equipment. Many government do uncalculated and reckless spending and that is a concern, lack of proper accountability for money spent because it goes into personal pockets. The government agencies are not helping matter with corrupt officials.

However, people who have investment in cryptocurrency won't have to bother so much as they can sustain themselves better because there are chances that price of cryptocurrency may increase next year.
full member
Activity: 1050
Merit: 109
1xBit.. recovered their reputation
July 16, 2021, 02:50:54 PM
#21
the world will continue to find the best way to recover
we have gone through several economic crises and have occurred almost all over the world but until now we are still able to survive

2022 will be a more beautiful year than this year, I'm sure of it
as humans, we must be able to continue to survive no matter how difficult the obstacles ahead
full member
Activity: 966
Merit: 102
July 16, 2021, 12:24:52 PM
#20
The decisions that have been made to response to the pandemic will be definitely reaped by the economies in the coming years. All of these bankruptcy, unemployment and poverty will surely worsen what is to come for the economies globally. Although difference will occur on how soon and what interventions each economy tries to perform to improve their recovery for the pandemic.
sr. member
Activity: 1050
Merit: 286
July 16, 2021, 12:14:25 PM
#19
As the virus spread all over the world last year, it wasn't the life of each people that stopped, the progress of the economy also did. Since the quarantine required us all to stay inside our houses and lay down our jobs for a while to prevent the continuous dissemination of the virus, it ended up like we are waiting for a pay back that is soon to happen as we stop doing the things we were supposed to do. Lots of businesses were shutdown forcefully after getting bankrupt and it will be a chain of declination even in the economy, we should expect the worst on the next couple of years.
sr. member
Activity: 1414
Merit: 326
July 16, 2021, 08:23:39 AM
#18
Even if the spread of the virus decreases it will take time for the economy to improve. Economic activities across the country have come to a standstill due to the lockdown situation the long term downturn in the developed world economy and the fall in oil prices in the international market are likely to continue to have a large long term negative impact on the flow of export earnings and remittances. The ongoing economic crisis has also led to a huge jump in unemployment and poverty rates in the country overall financial growth is expected to slow sharply this year.
member
Activity: 770
Merit: 12
Trphy.io
July 16, 2021, 08:10:12 AM
#17
I am afraid that not just 2022, but many more years to come will be bad for the economy. The governments around the world have taken out big spending plans (including the United States), without making a proper research on their impact on the general economy. The inflation issue is going to get worse, and on top of that for many of these territories the debt to gdp ratio has already crossed a level where it can be successfully managed. In short, we will see higher tax levels, higher unemployment and inflation, and lower salaries.
While the economy are slowly going back on many countries, the effect of this pandemic will still be here in the next 3 years and we can't totally recover easily we need more time before we see a stronger economy again. The inflation and unemployment are the common result of a bad economy, in some country they are already experiencing this one while we are still fighting this pandemic. I believe most of the economy will recover in the next 3 to 5 years but not in 2022.
for the first time the question is when this pandemic will end. if the pandemic ends soon and the economy starts to move, then I'm sure that at least in 2022 there will be a better economic effect, from my country right now the pandemic is getting worse, so the economy continues to decline due to people not being able to work optimally
sr. member
Activity: 1274
Merit: 293
July 16, 2021, 03:27:27 AM
#16
You're talking like the money printed isn't going to replace the damaged ones circulating in the economy plus, I really don't think that things would explode in the economy any time soon because if the economy becomes active again, the printing of paper money is going to get an off set effect because more are participating in the economy.
hero member
Activity: 2114
Merit: 603
July 16, 2021, 02:15:13 AM
#15
I am not sure if it's true that they are printing the money on cyclic basis but I have read the printing goes on all the time since we loose the printed cash in trash cans, stolen, black money, cold stored and what not! To fulfil the ever growing need the printing operations continues.

However, the question is "how much is being printed?".

Current need to print the money arose from COVID19 situations. We had to give away the stimulus 3-4 times, set the businesses with new monetary funds etc.

If next year COVID-19 goes off, or we start living with it then surely things would be better rather than bad! You saying market crash is coming in the next year, but I find it little hard to digest. Whether its stock or crypto, all of them will bloom cause businesses will be running at full capacity by next year.
full member
Activity: 2128
Merit: 180
July 16, 2021, 02:04:41 AM
#14
I am afraid that not just 2022, but many more years to come will be bad for the economy. The governments around the world have taken out big spending plans (including the United States), without making a proper research on their impact on the general economy. The inflation issue is going to get worse, and on top of that for many of these territories the debt to gdp ratio has already crossed a level where it can be successfully managed. In short, we will see higher tax levels, higher unemployment and inflation, and lower salaries.
While the economy are slowly going back on many countries, the effect of this pandemic will still be here in the next 3 years and we can't totally recover easily we need more time before we see a stronger economy again. The inflation and unemployment are the common result of a bad economy, in some country they are already experiencing this one while we are still fighting this pandemic. I believe most of the economy will recover in the next 3 to 5 years but not in 2022.
legendary
Activity: 1904
Merit: 1159
July 16, 2021, 01:15:53 AM
#13
I am afraid that not just 2022, but many more years to come will be bad for the economy. The governments around the world have taken out big spending plans (including the United States), without making a proper research on their impact on the general economy. The inflation issue is going to get worse, and on top of that for many of these territories the debt to gdp ratio has already crossed a level where it can be successfully managed. In short, we will see higher tax levels, higher unemployment and inflation, and lower salaries.
The world is on a crossroads right now and there are too many factors creating uncertainty. The geo-political balance right now is precarious with a rising China and a shrinking America. There is the spectre of Climate change and no matter what the deniers say, we'll only witness an increase in freak weather activities.

On top of that, it seems there is a total lack of leaders and coordination in the world. For the longest time, the politicians took the decisions and things just stumbled along. As humans we had the option to vacillate on decisions or just take stubborn positions. Now there is a clock ticking and the world leaders, people, countries, everybody seems to be unable to come to a common ground. All of this has been exacerbated by social media which seems to have created more problems than it solved.

As a world, we are in for some strange times and novel ideological battles. Economic growth and prosperity is definitely going to suffer as those at the lower rungs of society will be left to their own means as is the case in such times. Those already in power will obviously continue to enjoy the riches.
legendary
Activity: 3766
Merit: 1217
July 15, 2021, 11:39:31 PM
#12
I am afraid that not just 2022, but many more years to come will be bad for the economy. The governments around the world have taken out big spending plans (including the United States), without making a proper research on their impact on the general economy. The inflation issue is going to get worse, and on top of that for many of these territories the debt to gdp ratio has already crossed a level where it can be successfully managed. In short, we will see higher tax levels, higher unemployment and inflation, and lower salaries.
sr. member
Activity: 1330
Merit: 326
July 15, 2021, 11:16:39 PM
#11
Hopefully, 2022 will somehow improve our economy. Who knows? Government will still find a way to make productive solutions towards this economic crisis.
Market speculations  always exists but printing money is a serious thing and doesnt just rely on speculations, it is based on study and overall economic budget.

legendary
Activity: 2128
Merit: 1775
July 15, 2021, 11:14:27 PM
#10
Because the global economy of COVID-19 is declining, many people have lost their jobs, but they are getting better now. I personally feel that our global economy is slowly rising. When there is no COVID-19, the economic development will be again It can return to normal, but all of these will take time. It may be next year or the year after.
What you say includes a few percent leading to economic change, I actually think in 2022, the world economy will improve, only certain countries are still being attacked by covid-19, many European countries have managed to overcome the virus well, so that what we see now activity has returned to normal, although not completely.

I have no doubt that in 2022, regarding the economy, it will gradually improve like before covid hit the world.
member
Activity: 95
Merit: 10
July 15, 2021, 09:42:49 PM
#9
Because the global economy of COVID-19 is declining, many people have lost their jobs, but they are getting better now. I personally feel that our global economy is slowly rising. When there is no COVID-19, the economic development will be again It can return to normal, but all of these will take time. It may be next year or the year after.
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