Are we going through recession?

Some analysts say we might narrowly avoid a bad recession, and others say it will all come crashing down and it'll be all Mad Max. I have no idea what's going on. To me, Economics seems like a topic that should be pretty straightforward and tangible, but has been made unnecessarily esoteric and abstract.
 
Honestly it’s hard to predict, in my own country, things are getting expensive, groceries, gas, foods, etc. all getting their prices jacked up almost in short period of time, have never seen anything like it, prices of items that just got increased last week seeing new high this week.

But at the same time I also see that people going out and spending more than usual, and businesses are opening left and right, some stay longer some only for a few days just trying their luck, it does not scream recession to me.

So, no idea.
 
Some analysts say we might narrowly avoid a bad recession, and others say it will all come crashing down and it'll be all Mad Max. I have no idea what's going on. To me, Economics seems like a topic that should be pretty straightforward and tangible, but has been made unnecessarily esoteric and abstract.
I am trying to understand what you wrote especially the last line. It's all over passed on top of my head.
I think i need to become a hifi foreigners
 
I am trying to understand what you wrote especially the last line. It's all over passed on top of my head.
I think i need to become a hifi foreigners
The economy should be easier to understand for the average person. To me it feels like discussions about it have been made too complicated, perhaps on purpose, so that most people have no idea how it works. This makes it easier for shady things to happen in the back while the average person has no idea of what is actually happening other than "line went up/down."
 
Honestly it’s hard to predict, in my own country, things are getting expensive, groceries, gas, foods, etc. all getting their prices jacked up almost in short period of time, have never seen anything like it, prices of items that just got increased last week seeing new high this week.

But at the same time I also see that people going out and spending more than usual, and businesses are opening left and right, some stay longer some only for a few days just trying their luck, it does not scream recession to me.

So, no idea.
u def from Morocco
 
I don't feel qualified to give a thorough answer complete with relevant economic indicators to assess scale and magnitude here but until a 'truce' is called, or even better, an end to conflict altogether it seems somewhat inevitable i'd say. It seems like a time to really be saving every penny and avoid spending.
 
It is difficult to say whether the economy is going through a recession, as it depends on the specific economic indicators being monitored.

Many experts have argued that the global economy has already entered a recession due to the COVID-19 pandemic and the resulting economic downturn, while others have argued that a recession may be avoided if certain conditions are met.

Ultimately, the answer to this question will depend on the current economic climate and how it develops in the coming months.
 
Back
Top