Do you think your country is or is going to enter a recession?

[Alberello75]

Well, Italy still hasn't recovered from the three main negative events of the new millennium which would be: the 2008 crisis, the covid pandemic and the Russia-Ukraine conflict.
It has been said that 2023 here will be a transitional year between a terrible 2022 and a hopefully better 2024.

 

[Heatman]

Global economic uncertainty is a fact, it may be more noticeable in some parts of the world than in others, but I want to know how you see the outlook for your country this year or next year, do you think it will enter in a recession? I think that mine is about to enter one or is already in an economic slowdown

My country is already in one of the most difficult time for the whole citizens with the issue of changing of our currency which has resulted in the scarcity of currency in the country. There's no old notes or new notes.

 

[riberet19]

Reading all user reviews both Croatia, Pakistan, Zambia, Italy, Nigeria etc seem to be in recession counting mine Spain, it seems that things are worse than I expected, we did not just leave one thing and enter another and many other countries are still on the verge of a recession.

 

[Shortie]

At the moment the UK has so far somehow managed to avoid a recession and I for one am glad about that so far but I feel that the more we avoid one, the more chance there will be that we end up in a recession. I think twice so far they expected us to end up in a recession at least twice so far and we have managed to avoid it.

 

[freelancermaria]

I believe we are currently in a recession in the Philippines. Many people have been laid off, particularly during the peak of the novel coronavirus. Everything is also more expensive as a result of inflation.

 

[Stardom22]

My country is in a deep economical crisis for now. It can take my country like multiple years to come for it to get to recession. The pandemic, political instabilities, bad governance and corruption in the country makes its economy to deteriorate day by day.

 

[Niyi Briggs]

Nigeria keeps lying to itself with that tag of biggest economy in Africa whereas the country is in a huge recession. PMS is being sold at almost NGN500 a litre and the price of transportation has tripled.

 

[Alberello75]

I understand that more or less in this period many countries of the world are transitioning a period of recession. In the countries that nowadays belong to the European Union, @riberet19 being Spanish will surely know that our countries within the EU, after the 1998 Treaty of Bruxelles, have had negative repercussions especially for Italy, Spain and Greece.
In fact, it is no coincidence that England, through a 2016 referendum, left the European Union (BREXIT).

 

[Bisolami]

Global economic uncertainty is a fact, it may be more noticeable in some parts of the world than in others, but I want to know how you see the outlook for your country this year or next year, do you think it will enter in a recession? I think that mine is about to enter one or is already in an economic slowdown

My country is in a recession already so we just have to manage the little money we have because things are very expensive now

 

[riberet19]

I understand that more or less in this period many countries of the world are transitioning a period of recession. In the countries that nowadays belong to the European Union, @riberet19 being Spanish will surely know that our countries within the EU, after the 1998 Treaty of Bruxelles, have had negative repercussions especially for Italy, Spain and Greece.
In fact, it is no coincidence that England, through a 2016 referendum, left the European Union (BREXIT).

Yes, I deeply agree with you, the European Union and its policies have brought more harm than good to our countries, our countries are not sovereign anymore as long as they continue to depend on foreign policies, on the other hand I think that the most damaged as you say we have been Spain, Italy, Greece but also my neighbor Portugal, England was intelligent leaving the European Union, I recently heard rumors that maybe Italy was planning to do the same, it sure was a hoax.

 

[Edulady]

my country is going to enter into recession and having to know this is so overwhelming. Its already tough as it is and having to go through recession is just going to make things really worse. I foresee a lot of bad things coming our way

 

[Alberello75]

Yes, I deeply agree with you, the European Union and its policies have brought more harm than good to our countries, our countries are not sovereign anymore as long as they continue to depend on foreign policies, on the other hand I think that the most damaged as you say we have been Spain, Italy, Greece but also my neighbor Portugal, England was intelligent leaving the European Union, I recently heard rumors that maybe Italy was planning to do the same, it sure was a hoax.

Indeed Italy would like to do it but we can't. Having lost the Second World War, Italy was helped by America to be freed from the Nazi-fascism of Benito Mussolini. Therefore, having stipulated the Atlantic Pact, the main decisions must be taken by NATO, therefore the majority is from the USA. Anyway the war debts, we are still paying them, after 78 years...

 

[riberet19]

Indeed Italy would like to do it but we can't. Having lost the Second World War, Italy was helped by America to be freed from the Nazi-fascism of Benito Mussolini. Therefore, having stipulated the Atlantic Pact, the main decisions must be taken by NATO, therefore the majority is from the USA. Anyway the war debts, we are still paying them, after 78 years...

thanks for the explanation, now I understand better why Italy is tied hands and feet, a shame the truth, also Spain and Italy I think they are the most indebted with the European Central Bank right now, a disaster all.

 

[eldavis]

For me the question is not if my country would go into recession, rather it is if my country would go into deeper recession. Things are already pretty hard as it is right now.

 

[Niyi Briggs]

My country is already in recession. When you have inflation at the level of 49%, one can imagine what the populace are suffering.

 

[cherry123]

Inflation is really hard as it is right now. my country is into recession now and the inflation is getting to hyper now but I hope my country gets into deeper recession very soon

 

[Carson20t]

Inflation is really bad for my country,the new regime of the government has been hoping for a debt restructuring but it has not been fruitful as of yet.

Right now it is to ensure that individual members try to make the economic environment conducive for us unlike relying entirely on government.We have to have multiple streams of income by diversification of our income portfolio.

 

[Niyi Briggs]

Most tier 3 countries are already experiencing a hyper inflation. This is caused by deep rooted corruption and bad governance.

 

[Heatman]

Recession is something that is very common in my country right now and it is something that I've been happening for the past 10 years if I remember correctly and the government are not doing anything to fix the problem.

I think my country, Nigeria is already in a a recession. The prices of basic life necessities are constantly rising. The common man is the greatest casualty of all this.

 

[Chibson]

My country have suffered recession in the last few years. After the coronavirus pandemic there was a recession but at the moment things are getting a little bit better.