https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html
Amazon is planning on laying off 10k employees, first sign a recession is inbound. Some employees are working on the devices division of Amazon, others are in the retail division. Retail sales peak during the end of the year so it's a bit unusual to see layoffs prior to this peak and before a recession has even been declared.
Generally, employees will be retained during recession for as long as possible for letting them go, oppose to presumptive firings. I suppose Amazon is projecting their revenue to really slump.
Topic: Is recession coming actually? - page 2. (Read 1152 times)
The GDP of the United States has fallen for two consecutive quarters, falling by 1.6% in the first quarter of 2022 and 0.6% in the second quarter. Such a situation would be counted as a recession in most countries, but not in the United States.
Instead of a full-blown recession, the economy will slow down gradually.
Instead of a full-blown recession, the economy will slow down gradually.
Recession will always come because all countries continue to print money, while production does not increase significantly, a natural thing as long as we can increase income, and never complain when recession, from now we must be active to increase income.
What is even more frightening is layoffs. How do many people live at home when they are unemployed? The price of BTC can’t support it anymore. Take me for example, I travel at least twice a year and buy one or two luxury items, but this year I have nothing Buy, not going anywhere. What an obvious Great Recession. No, the recession isn't actually coming because it's actually, really here already, in a rather global manner. Truth be told, globally, we've been in a recession now for about a year, esp when considering "first" world countries.
As a result of the uncontrollable rise in prices of essentials, forecasts say the recession will peak in 2023. (https://www.worldbank.org/en/news/press-release/2022/09/15/risk-of-global-recession-in-2023-rises-amid-simultaneous-rate-hikes)Unfortunately, at the moment, government policies do not translate into corresponding results.
No, the recession isn't actually coming because it's actually, really here already, in a rather global manner. Truth be told, globally, we've been in a recession now for about a year, esp when considering "first" world countries.
It is true that without us knowing it, a recession has actually occurred and it is inseparable from the consequences of the war between Russia and Ukraine,even so we don't panic and still face everything calmly,
but we also need to be careful and wise in making decisions
First of all, what is the basis of a country is in a recession?
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.
The data for Q3 has been already out for months
High inflation and rising unemployment both attest to the economic hardships ahead, but the economy is at greater risk.
What high unemployment when both largest economies post record levels of employment?
https://ec.europa.eu/eurostat/web/products-eurostat-news/-/ddn-20220928-2
https://www.ft.com/content/1f3a7a41-daa8-49c5-ab51-3c0822421e40
First of all, what is the basis of a country is in a recession?
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.
I mean whether a country is in a recession or not doesn't matter. What matters now is how people got affected by all of what's happening worldwide especially those high inflation from every country. Prices of commodities going higher, salaries can't cope up with the expenses that most people are finding a secondary source of income, employees resigning from their job either because it wasn't enough for them to sustain their daily lives or maybe they want to work from home, etc. etc. Whatever it is, people around the world are having a hard time right now and if you expect that we will be better in 2023, I expect the opposite or at least it might continue until 2023.
The experts said that if a country has a negative GDPs for 2 straight quarters, then it's officially in a recession. US already had a negative GDP on both the first and the second quarter which means that they are technically in a recession. On the other hand, their president Joe Biden said that they are nowhere near the recession.
I mean whether a country is in a recession or not doesn't matter. What matters now is how people got affected by all of what's happening worldwide especially those high inflation from every country. Prices of commodities going higher, salaries can't cope up with the expenses that most people are finding a secondary source of income, employees resigning from their job either because it wasn't enough for them to sustain their daily lives or maybe they want to work from home, etc. etc. Whatever it is, people around the world are having a hard time right now and if you expect that we will be better in 2023, I expect the opposite or at least it might continue until 2023.
This also means that with the downsizing of those companies, there will be a lot more unemployed people, and that means there will be a lot more people accepting less pay, and due to inflation, there are a lot of people who cannot afford many things, and that means there will be a lot less profits for the companies and goes in a cycle.
This means it will keep happening like this forever, because companies will not make any profit, then fire people, those people cannot buy things, and companies have less profits... it just goes on. To stop this, eventually rates will go down, and companies will take huge loans, show that as a loss and not pay taxes, and then they will end up with some good investments and hire people.
Since the Covid-19 coronavirus pandemic, the economy has entered a period of recession. High inflation and rising unemployment both attest to the economic hardships ahead, but the economy is at greater risk.
Yes, the recession is actually coming, which the governments need to do something fast that will make the recession not to happen in this season of celebration, because many people are experiencing it from the price of commodities in the market. I think, many governments are seriously working to ensure they stop recession, so that it will not reduce the global economy than to make the global economy function in a way many sectors will beginning to feel the impact of the governments. I don't think, what happened to the global economy last year during the pandemic will not happen again, because there are many tools the governments have made available to stop recession.
I hope people don't freak out too much with the news about the Recession. We have to stay calm but also have to prepare ourselves. And a recession for some countries has even happened. but when it comes to the Global Recession then that hasn't happened yet. but the indicators that point there are already visible, such as the rapidly increasing inflation rate and banks that continue to raise interest rates, which is also one of the indicators that points to signs of an imminent recession. But some countries now have lower inflation rates. so I think the economic crisis that will occur will not be as bad as what has been reported for several countries. but for some other countries, the economic crisis may indeed get worse. we don't know about the future. but preparations must be made from now. do not complain. and do the best from now on.
The fundamentals of each economy are different, so while some economies were able to endure the pandemic and the war with some small problems there are other economies that are suffering greatly because of those two factors which have affected the economy now for years.So it is important to also prepare ourselves, as we do not know how bad things could get where we live, something that is difficult to do as the economic crisis has lasted for so long that I have my doubts too many people have the resources needed to protect themselves effectively from the upcoming recession.
Truly we are in a full blown global recession, many companies had started downsizing, it was twitter last week now facebook sacked 11,000 and many other organizations had sacked many of their employees blaming the slow growth of income as a result of global recession caused by Covid-19 unfortunately this is happening at a time when many countries are battling with Energy shortages, the consequences of the current recession will trigger a lot of hardships especially in third world countries with low GDP thus subjecting their citizens into abject poverty it's up to the government of respective countries to deploy every resources to tackle the recession.
This also means that with the downsizing of those companies, there will be a lot more unemployed people, and that means there will be a lot more people accepting less pay, and due to inflation, there are a lot of people who cannot afford many things, and that means there will be a lot less profits for the companies and goes in a cycle.This means it will keep happening like this forever, because companies will not make any profit, then fire people, those people cannot buy things, and companies have less profits... it just goes on. To stop this, eventually rates will go down, and companies will take huge loans, show that as a loss and not pay taxes, and then they will end up with some good investments and hire people.
For now, if they do it right away, inflation will not be stopped and everything will be more expensive, and to be honest even if nobody does anything with time inflation will slow down, what went from 3 dollars to 5 dollars won't go to 7 dollars, it will stay either at 5 or max be 5.5 dollars, in nations with super high inflation that’s the same logic, you could live in a place where a thing worth 3 dollars went to 8 dollars, but it won't go to 15, it will go to 10-11, all of which means it will slow down. At that point they will slowly drop the interest rate, forcing companies to invest into more work and more profits and hiring more people.
Epidemic, war, economic recession, always invade at the same time, now everything is getting more and more expensive, money is becoming less and less valuable, this is the financial crisis.
Looking at it in general economical aspect This speculations regarding recession is not surprising if we look at how inflation has drastically risen since the covid pandemic. This has also prompted the rise in interest and causing rise in eventually almost every commodity making it difficult to businesses and to even save. Economic experts have said if the inflation doesn't reduces then it is most likely for recession to hit.
Another area which may push in recession is the war between Ukraine and Russia. Since the start of the war the supply of energy to other countries by Russia has reduced, this could also drive in recession.
Another area which may push in recession is the war between Ukraine and Russia. Since the start of the war the supply of energy to other countries by Russia has reduced, this could also drive in recession.
You say what I want to express, the epidemic is a big reason. Although the attitudes of many countries and governments are very open and do not regard the epidemic as a terrible thing, the overall global trade activity has decreased a lot.
No, the recession isn't actually coming because it's actually, really here already, in a rather global manner. Truth be told, globally, we've been in a recession now for about a year, esp when considering "first" world countries.
We're not only heading to the recession, but rather we are in the recession already. The whole world is experiencing a global recession, I don't think some countries are exceptions to the economic recession already. which is why you see inflation in food, goods and services products. What triggers the global recession we experience right now, is the convid-19 pandemic that happened 2years ago. The whole world is yet to recover from the damage it caused to the world's economy.
Truly we are in a full blown global recession, many companies had started downsizing, it was twitter last week now facebook sacked 11,000 and many other organizations had sacked many of their employees blaming the slow growth of income as a result of global recession caused by Covid-19 unfortunately this is happening at a time when many countries are battling with Energy shortages, the consequences of the current recession will trigger a lot of hardships especially in third world countries with low GDP thus subjecting their citizens into abject poverty it's up to the government of respective countries to deploy every resources to tackle the recession.This means it will keep happening like this forever, because companies will not make any profit, then fire people, those people cannot buy things, and companies have less profits... it just goes on. To stop this, eventually rates will go down, and companies will take huge loans, show that as a loss and not pay taxes, and then they will end up with some good investments and hire people.
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? )
Whether or not a recession occurs, we only need to be wise in responding and managing finances. Recession or not if we continue to think that the market is always on the path of the bulls then we will feel relaxed. Always be vigilant, and learn when an epidemic hits and it impacts the world economy as a whole. Didn't we learn a lot from yesterday's pandemic?
The question is, will we be able to survive at that time (the Covid-19 pandemic which has killed the economy, including investment and the price of goods has become expensive?
Or maybe the pandemic is also a form of simulation for us to be ready to face a much more severe crisis?
The current crisis is all caused by the covid pandemic and then the war has made it more serious. In 2020, when the pandemic occurs, the loss of life is enormous and the economy is also affected but in that year most of the governments pumped out money to help the country get through that difficult period, so it can be said that the economy is not really as difficult as it is now. This year, we are really facing the consequences of covid.
I don't know what country you live in, but fighting inflation is not as simple as you are saying, goods increase by 30%-40%, even energy is not enough to use...It must be said that everyone has difficulties, especially 3rd world countries.
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? )
Whether or not a recession occurs, we only need to be wise in responding and managing finances. Recession or not if we continue to think that the market is always on the path of the bulls then we will feel relaxed. Always be vigilant, and learn when an epidemic hits and it impacts the world economy as a whole. Didn't we learn a lot from yesterday's pandemic?
The question is, will we be able to survive at that time (the Covid-19 pandemic which has killed the economy, including investment and the price of goods has become expensive?
Or maybe the pandemic is also a form of simulation for us to be ready to face a much more severe crisis?
I hope people don't freak out too much with the news about the Recession. We have to stay calm but also have to prepare ourselves. And a recession for some countries has even happened. but when it comes to the Global Recession then that hasn't happened yet. but the indicators that point there are already visible, such as the rapidly increasing inflation rate and banks that continue to raise interest rates, which is also one of the indicators that points to signs of an imminent recession. But some countries now have lower inflation rates. so I think the economic crisis that will occur will not be as bad as what has been reported for several countries. but for some other countries, the economic crisis may indeed get worse. we don't know about the future. but preparations must be made from now. do not complain. and do the best from now on.
Actually, if you look at the impact of Covid now, it is one of the reasons for the many things that happen, such as when 2 countries are at loggerheads and so on.
and from this it is difficult not to feel because more or less we as ordinary citizens clearly feel without exception the smallest example of the rising prices of daily necessities today. Nothing goes out without feeling the repercussions and we have to deal with this instead of whining and complaining because it won't do much good.
It may be true that COVID-19 is one of the causes of the recession, in fact this disaster is increasingly widespread in various countries, so that the impact of the recession is truly experienced and felt by everyone.and from this it is difficult not to feel because more or less we as ordinary citizens clearly feel without exception the smallest example of the rising prices of daily necessities today. Nothing goes out without feeling the repercussions and we have to deal with this instead of whining and complaining because it won't do much good.
The most basic thing is when the price of basic necessities increases significantly, it will affect the lives of some people. Without a word of complaint, people have gone through this process. What advice can be given if this happens, the community needs a solution to this problem, unfortunately the government is not stepping in to fulfill its responsibilities.
I am quite new to the crypto, investing, economy and all that...so far really got interested in about a year ago. So far what I see is lots of lack of similarities in opinions of youtubers, blogers and mass media. Some sources are shouting like creasy that a great recession is coming and it will hurt everyone so bad like never did. More moderate youtubers are doing some analysis and basically what they saying is, well there could be recession, and that is ok, this is how you get markets cleaned up. And there is third part that says, no everything is ok... unemployment is high, GDP is rising so technically we are not in a recession.
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? )
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? )
2022 is destined to be an unusual year, with epidemics, natural disasters, a long-running Russian-Ukrainian war. The economic situation is very bad, and almost half of my assets in the crypto world have evaporated. Of course, a friend told me that as long as you trust him, you can hold it for a long time. As long as you don't sell it, all losses are floating losses. I believe it, and as long as I can eat a full stomach every day, I will be very fast. I understand a truth: be simple and simple.
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