11 Signs A Global Recession Is Near & 10 Ways To Come Out Stronger Financially

In this video I share 11 signs that a global economic recession or economic collapse is near and 10 critical steps to take to prepare for a global recession and come over to stronger financially. With rising inflation being a big risk factor in addition to the consumer price index being at the highest level since 1981, oil prices are rising, instability in the stock market in a bear market, a decline in consumer spending, high unemployment, devaluation of the British pound, inflation, interest rates going up, unemployment at its lowest, the real estate crash in China, the turmoil in Ukraine with Russia resulting in exports being impacted negatively as well as supply chain issues, and recently natural disasters, a global economic recession is impending in late 2022 or 2023.

With the loan delinquency at a record high, currency devaluation and currency appreciation in the foreign exchange market, CPI energy/oil price is going up, GDP contracting for two consecutive quarters in several countries across the world, rapid increases in food prices, and the stock market and cryptocurrency crash an economic crash or recession is inevitable. The factors to be considered to get ahead of this recession includes establishing an emergency fund, revisiting investment portfolio, not quiet quitting or engaging in any behavior at work that resembles quiet quitting, contributing to insurance policies, Investing and buying the dip in cryptocurrency, stocks, bonds, and other portfolio income types. Evaluating real estate opportunities, better money management with the use of a budget to manage finances, establishing multiple streams of income to include passive income sources and to earn online and working from home, and reducing debt and increasing cash flow.

#recession #personalfinance #stockmarket

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