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And in both cases the impending recession was not as imminent as the posters likely expected.
by dan-robertson 5y ago
And in both cases the impending recession was not as imminent as the posters likely expected.
- Cthulhu_ 5y agoIt's a case of "hope for the best but prepare for the worst". I mean the threat of another world - or nuclear - war is looming. But that's me / selfish, imagine being Ukranian and having to leave the country. I hope they saw it coming and prepared accordingly.
- reqres 5y agoCOVID-19 induced a recession all around the globe
- tandymodel100 5y ago
- dan-robertson 5y agoThat is technically true. Though the duration and severity did vary (and the definition of recession also varies around the globe). For example the U.K. consider the recession to have lasted 5 quarters whereas in the USA recovery (in some macroeconomic statistics) was faster with the economy being considered to be in recession for just two months. I don’t think a two-month recession is particularly concerning though a repeat of the GFC would be.