Even if it's in the recession I do think it's justified since we are in the middle of the war, pandemic and at the same government is not handling things well, people are also leaving their jobs the government is also trying to hold the prices together by holding off these jobs.
Inflation is getting worse as well but I don't think we can clearly demarcate inflation and recession as well! Because in the same country we might be seeing both of them happening at various locations and also it might also be artificially done by the government.
Inflation is price surges, seen in petrol, gas etc. And recession is basically unemployment and slow economy that's why we cannot expect one to work since they are opposites, don't think we can have clear borders and individual situation would be different as well.
Topic: The world economy is in recession - page 2. (Read 213 times)
"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Sometimes the stars converge in such a way that inflation is combined with a recession, this is called stagflation (stagnation + inflation). This is the scariest beast of all - when the economy slows down and prices rise at the same time. Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Definitely recession is on the verge throughout world if not yet here. The worlds GDP is falling badly and currently stands at -3.0 which is in negation already. This is definitely not good news whether by book or by logic, we are not doing great as humans since few years. The probable cause is pandemic when worlds literally stopped for one year straight and foreign exchanges stopped everywhere.
Take a look at the below graph which gives clear negative bar for the GDP.
Take a look at the below graph which gives clear negative bar for the GDP.
Quote
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.
World gdp growth rate for 2020 was -3.60%, a 5.93% decline from 2019.
World gdp growth rate for 2019 was 2.33%, a 0.7% decline from 2018.
World gdp growth rate for 2018 was 3.03%, a 0.25% decline from 2017.
World gdp growth rate for 2017 was 3.28%, a 0.67% increase from 2016.
World gdp growth rate for 2020 was -3.60%, a 5.93% decline from 2019.
World gdp growth rate for 2019 was 2.33%, a 0.7% decline from 2018.
World gdp growth rate for 2018 was 3.03%, a 0.25% decline from 2017.
World gdp growth rate for 2017 was 3.28%, a 0.67% increase from 2016.
At least for the United States, we are not in a true recession yet..
"What is a Recession?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". https://www.investopedia.com/terms/r/recession.asp
"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Simply put, inflation hits household finances. A prolonged period of inflation means that prices will continue to increase and the same amount of money will buy you less and less over time. Wages tend to rise naturally during inflation to compensate for this, since inflation is a byproduct of a surge in demand, meaning economic growth, but people with fixed incomes like pensioners have no such luck in that case. If inflation gets out of control, everyone feels poorer". https://fortune.com/2022/06/08/what-is-inflation-recession-consumer-expectations-gas-prices/
"What is a Recession?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". https://www.investopedia.com/terms/r/recession.asp
"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Simply put, inflation hits household finances. A prolonged period of inflation means that prices will continue to increase and the same amount of money will buy you less and less over time. Wages tend to rise naturally during inflation to compensate for this, since inflation is a byproduct of a surge in demand, meaning economic growth, but people with fixed incomes like pensioners have no such luck in that case. If inflation gets out of control, everyone feels poorer". https://fortune.com/2022/06/08/what-is-inflation-recession-consumer-expectations-gas-prices/
Recession means less money to spend ...no more liquidity and high prices...the rest is just textbook
USA is lucky with big cities like NY ,in NY only if you don't want to make money you don't make it ... high density population less chances you will feel recession.
https://www.youtube.com/watch?v=s35HzPA8RRI
At least for the United States, we are not in a true recession yet..
"What is a Recession?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". https://www.investopedia.com/terms/r/recession.asp
"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Simply put, inflation hits household finances. A prolonged period of inflation means that prices will continue to increase and the same amount of money will buy you less and less over time. Wages tend to rise naturally during inflation to compensate for this, since inflation is a byproduct of a surge in demand, meaning economic growth, but people with fixed incomes like pensioners have no such luck in that case. If inflation gets out of control, everyone feels poorer". https://fortune.com/2022/06/08/what-is-inflation-recession-consumer-expectations-gas-prices/
"What is a Recession?
A recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region. It had been typically recognized as two consecutive quarters of economic decline, as reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. However, the National Bureau of Economic Research (NBER), which officially declares recessions, says the two consecutive quarters of decline in real GDP are not how it is defined anymore. The NBER defines a recession as a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales". https://www.investopedia.com/terms/r/recession.asp
"Two different things
Inflation and recession describe the momentum of an economy. Inflation makes the economy barrel forward at full speed, sometimes uncontrollably, leading to price surges and a higher cost of living for the average consumer. A recession would be the opposite, a much slower economy marked by a decline in economic activity and potentially higher unemployment.
Simply put, inflation hits household finances. A prolonged period of inflation means that prices will continue to increase and the same amount of money will buy you less and less over time. Wages tend to rise naturally during inflation to compensate for this, since inflation is a byproduct of a surge in demand, meaning economic growth, but people with fixed incomes like pensioners have no such luck in that case. If inflation gets out of control, everyone feels poorer". https://fortune.com/2022/06/08/what-is-inflation-recession-consumer-expectations-gas-prices/
The world economy is in recession
Stocks low
https://i.ibb.co/sJ3K2y7/Screenshot-from-2022-06-10-16-37-38.png
Bonds high
https://i.ibb.co/ThTF9VT/Screenshot-from-2022-06-10-16-37-16.png
Textbook recession ,from the manual ...
Stocks low
https://i.ibb.co/sJ3K2y7/Screenshot-from-2022-06-10-16-37-38.png
Bonds high
https://i.ibb.co/ThTF9VT/Screenshot-from-2022-06-10-16-37-16.png
Textbook recession ,from the manual ...
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