UK under recession š£š£š£
Germany and many other nations on border line. Impact on India viners?
majboormajdoor
Stealth
7 months ago
Pillars of European economies: Consumption, Industry which are slowing down due to demography and competition.
Indians have a third driver which is Public Investment (Infra) which serves as a backstop. We manage to score satisfactory in slow years until our Exchange rate stays OK and borrowing costs remain moderate.
But during a commodities boom, we get royally fucked.
steppenwolf
Stealth
7 months ago
It has a lot to do with their anti-Russia policy.
majboormajdoor
Stealth
7 months ago
I wudnt say that. They wanted a slowdown, Sunak imposed austerity, BoE raised rates, they got their recession. Recession isn't bad if you ain't even trying for growth.
BiryaniEnthu
Stealth
7 months ago
What does it mean for average Joe in India?
Can't say. Depends on the kind of recession.
Recession is complex like it's due to currency devaluation against the dollar then anyone who imports will suffer and export companies will profit. Again oversimplified.
majboormajdoor
Stealth
7 months ago
More influencer videos
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steppenwolf
Stealth
7 months ago
India is going to be relatively safe. We are far far away from the recession. Thanks to the excellent team of RBI.
steppenwolf
Stealth
7 months ago
The job market is currently going through a cycle, it's not a recession. Due to AI a shift is happening. It's a cycle not a recession.
President_Trump
Stealth
7 months ago
USA next, with chances now at 85%, the highest ever according to media reports. 2024 is not going to be a walk in the park.
KeyCurrant4
Stealth
7 months ago
So finally the āRoyal plunderersā are getting whacked?
Great news
Ha ha...they looted $ 200T from India in 300y. (Inflation adjusted or real term)
In simple words, it means that if your working for a european client/company, you "might" be kicked out .
Brutallyhonest
Stealth
7 months ago
Let the recession come and get over with it! Enough of waiting for it
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