Your Voice, Our Headlines

Download Folkspaper App with no Ads!

BULLETIN

A fast-growing newspaper curated by the online community.

Are you RECESSION proof?

  • tag_facesReaction
  • Tip Bones

What is recession?

Just like humans, we breath in and out, and just like economies, it cycles between growth and recession. Without recession there will be no growth and vice versa. With the coming Recession, some may see this as misfortune, while others see it as opportunity, which camp are YOU in?

LIFE CAN BE DIFFICULT: With the recent economic downturn, unemployment is an unavoidable fact of life.

During the Great Recession, millions lost their jobs and household income dropped. If you're lucky enough to keep your job during a recession, then you're probably bracing for the next round of layoffs. When money is tight, budgets need to be even tighter and tough choices have to be made.

A recession is a prolonged period of time when a nation's economy is slowing down, or contracting. Such a slow-down is characterized by a number of different trends, such as, decrease in factory, production, growing unemployment, slump in personal income.

EVERY BOOM COMES A BUST:

Recession-watchers have been primed for a reversal of fortunes. The economic devastation reaped by Covid-19 may be the spark that ignites a prolonged slump. If that's the case, then it's time for workers, entrepreneurs and investors to seek refuge in so-called recession-proof businesses.

Once the economy starts to downturn, it may be too late to turn the ship and make the changes you need to survive. It's time to have the difficult discussion you've been avoiding.

The time to RECESSION-PROOF BUSINESS is NOW!

Comments

Loading...