Topic: Is the current economic situation really that bad? (Read 1008 times)

It's undeniable that whatever a country will experienced, it's always the country's leaders that will be put into blame. Simply because they are the one's leading the country so whatever success or failures will always be attributed to them. And right now, it's rare to see countries that are currently in good economic situation, this only means that majority of the leaders these days are into corruption and money laundering which will definitely satisfy them with all the money entering in their own bank accounts.

Life has never been better for the vast majority of the world, always remember that the media are always looking for news stories and controversial or negative ones are often easy targets. There is definitely a bit of a crunch going on in peoples finances because inflation has warped the economy in the last few years, however that is starting to stabilize now and pay increases did somewhat keep up for many people. We are potentially entering a new "boom" era with interest rates coming down and that is usually a prime time for earning money. We will see all those people with expensive mortgages having more spending power unlocked and that will be spent elsewhere in the economy in good or services.

It is true, from the advancement of technology it is clear that it can advance a country or region, and that is a good achievement, especially with the advancement of AI and internet technology which is now widely used, so everything is easy and the effect is that the economy, becomes more difficult because it is replaced by this technology and there are risks behind this progress.

The AI revolution that is coming will bring consequences we cannot even fathom, on the past even if the creation of a new technology made many occupations obsolete, at the same time it created many other new jobs, but AI has the potential to replace the vast majority of the population and keep them unemployed, how can we make an economy work under those circumstances? No one really knows and that is a future that may happen during the next decades, so it is not as if we have a lot of time to figure out how to solve this.

The economy is currently not doing well with inflation rates which are getting higher and higher making it increasingly difficult for people to live their daily lives, plus the extreme poverty rate which continues to increase means that life is not going well at the moment, where currently the era of technology is all over the place. Sophisticated, school children are now required to take exams via cellphone, where difficulties regarding even basic needs have not yet been resolved, plus with such recommendations, the difficulties they feel will increase even more. Keeping up with the times is fine, but it must be considered as well as possible so that everything is evenly distributed and not burdensome. each other, do not add to the difficulties on top of the difficulties already experienced.

The recent advancements in technology, made people lazier than ever. We can blame the Internet and AI for this. It will only get worse in the long run. Eventually, most human-based tasks will be performed by AI. This translates into less jobs and a crippled economy. Unless, governments and central banks find a way to keep the economy afloat with such drastic changes.

A good economic landscape will bring a better quality of life to many. I sure hope things get back to normal before it's too late. With sound monetary policies, anything's possible. Right?

I don't think we have a clear and accurate perception of the economical reality the world is facing, because we don't really know what is going on the backgrounds and what is the strategy of those moving the strings behind the curtains. We only have some clues which can give us a small notion of why things are going downhill. One of them is unstoppable inflation due to the economical policies adopted by governments and their respective central banks.

On the other hand, there are also social factors, which I think to be the strongest reasons why the world is so chaotic without any expectations of improvements any time soon. Life is so fake nowadays. People don't really live for real, but emulate an illusion through social medias and internet, where everything is artificial, leading human beings to remain unmotivated in a comfort zone.

You have every kinds of stimuli at the reach of your fingers. You want food, order it through an app. You want sexual pleasure, watch a video on another app. You are annoyed by something, watch a video from an internet guru with an empty, cliche and default self-help message in the end.

This is modern life which doesn't bring any challenges or any achievements to be reached. On the other hand, in previous times, humans were more motivated to go after objectives. Family, friends, life were more important and meaningful. You had a reason to work, to try something better in the future, a reason to live. Cities were built, new technologies developed, and as consequence, economy got warmer and stronger.

I can't tell you how the global economic scenario is, but the economic scenario in my country is so bad that it is beyond words. Politically our country has been affected in such a way that the global debt has increased so much that every person in Bangladesh is currently in debt per capita. However, it is expected that after the fall of the fascist government of our country, a new government has been formed, and in this case, the economic condition of the country is expected to change very soon.

Economic factors in a country certainly greatly influence the performance of the government that manages every existing budget, and they prioritize the people over individuals, and this has indeed become a government tradition every year so that our economy is getting worse, and this is also the impact of the war that occurred in the Middle East so that it greatly affects the value of the dollar, if the government really wants to prosper the people then everything must be carried out according to the rules.

Is not like the economic situation had really gone bad but the fact that the government just sit and watch all of this mess keep going on without making any crucial change had made it all bad and even worse.
Basically at this phase of life now,the least individual should be satisfied with things in the aspect of opportunities and social amenities but no things are becoming worse by the day even to point that he can't get what he wants.

I definitely know that ,like my country would have been better of if not for selfish interest and wants of individuals and government after fame,power and money which is not supposed to be so that's the reason it's affecting the economic sector and whereas the country too.

That growth in bitcoin is not only the achievement of bitcoin, but also the disappointment people have in other assets as well. I am not saying that bitcoin isn't great, it's definitely the best we have and people see that, can you find many wrong things about bitcoin?

You can of course find it, but does that change the fact that everything else is even worse? No it doesn't. Fiat is terrible, if you keep your money in fiat then you lose it to inflation, stocks are terrible because companies could be mismanaged and go down a lot, and many other bad stuff could happen as well, whereas if we are looking at something so clear with what we have right now, which is bitcoin then you will realize that it won't disappoint you. This is why people invest into it.

I'm not sure if there is anything as bad decisions, maybe in your own opinion but the people that made their own choice will think they made a better choice because they will never admit they made the wrong choice. However, I don't think in years of democracy globally there is a government everyone has ever loved, people always have their own candidate and they will hate with many propaganda just to paint it bad and not a working promising type of leader.

There has been a the worst conflict in the past and what did we get in return, back to where we are today. I just think that the world will continue to improve but it will be far from what is been promised by the government. I'm not sure about some countries but mine keep dipping everyday like the way Bitcoin price dip in bear market, no bounce but different problems everyday.

The pattern is clear: the big boys get bailed out, the rest of us get screwed. This isn't just about economics; it's about power and who holds it

When we talk economy, we're talking about your life, your ability to put food on the table, to have a roof over your head. The system is rigged, prioritizing profit over people. It's always been this way, but it's getting worse. We used to share the pain, now it's all on us

You're scared about the future? You should be. But here's the thing: that fear keeps you trapped. It's a self-fulfilling prophecy. We need to break the cycle. Stop waiting for the system to change, start changing how you engage with it

Support your local businesses, build community, educate yourself and others. Empowerment doesn't come from hoping for a better future, it comes from creating it, one small step at a time. The system promises you tomorrow, but it's a lie. Take control of your today

The government and of course, the people too may have made a lot of bad decisions to have led us to this state and economic situation. But at the end of the day, we should still look on the bright side. For our dear Bitcoin, we've got more investors than ever before. We've also got the wide adoption of skills acquisition, web business personnel, and others. Maybe this economic conflict may lead to a better civilization.

When it comes to how bad the economy has come to be across the world, I could only pin it all on 2 things and that is,

IMF and Corruption.

Nothing kills the economy more than these two, not the Rrussia/Ukrain or Israel/Hamas demonstration. These are just an addition to what is or what has been.
When majority of the revenue generated is used to service debt, only for the government to borrow again, then you know the nation is in real trouble. Not being able to sustain yourself is a nightmare and that’s the state of most nations as it is.

Everyone must be feeling the same way right now regardless of whether or not conditions are much worse for one country and another but ultimately the impact of the current economic downturn is felt by all.

It's the same with me right now even though I'm still able to survive, but in my neighborhood there are already more and more people complaining about their fate, especially in the current financial condition. But indeed this also cannot be changed quickly because after all, as we know before that all feel the same impact no matter how small or large the country we live in now with the current conditions and with the worsening of the unfinished covid and several other problems such as geopolitics that are still hot, I think this will continue.

The worlds economy is crumbling everyday , in some countries they have lost the value of their currency due to the increase in dollar rate where I'm from in Africa a lot of people are barely surviving because the inflation keeps increasing daily..The economy is failing drastically, the cost of petrol has sky rocketed and now it has affected the price of goods and other things... The only solution to this is to reduce the cost of petrol

You said let leave politics aside but from the look of things, this comment is somewhat political, but let focus on COVID-19 and it economic impact on most countries around the world, yes covid have come and gone,, but it impact still remains very fresh on almost all the countries of the world, even the United States, no country that is free from the economic hardship that covid brought with it, we can say that some countries have managed their own better but not totally free from it impact yet.


Government inherit both assets and debt from the previous governments, but the fact that building on the continuation of old government may likely not work for most politicians because past is always past and in Africa most past leader always leave debt behind.

I don't like when we play or argue politics on blame game. The COVID-19 has come and gone. And the governments that were on sit were not increasing any inflation aftermath of the pandemic. And after the COVID-19 pandemic, many countries have changed government and things were doing well. So if a new government is coming in, he has to maintain that level from the previous government and make things easy for the citizens to enjoy and not to destroy the already established structure and he can't even maintain the economy again.
In Africa, the middle east and the west.is now on boiling stage. Protest everything day because of the bad government with their bad or wrong policies.

Things could get even worse, the tensions on the middle east are increasing and we do not know when China may decide to make their own move, and once that happens you can be sure the markets will take a nosedive, so if the country where you are living was already in a bad position then such position will only worsen, as it could take it years before a full recovery were to happen, and that would only be true if we did not found yet another obstacle for the economic recovery we all want.