THE TALKS OF LOOMING WORLD WIDE RECESSION IN THE NEXT YEAR CAN'T BE UNFOUNDED

THE TALKS OF LOOMING WORLD WIDE RECESSION IN THE NEXT YEAR CAN'T BE UNFOUNDED

Placing the link of an interesting Reuters Article, that says, IMF is already pulling the Recession Button for 2023 by cutting down Global Growth factors for next year. It is an authentic piece of news, similar articles are there also quoting it, in mainstream media of India today.



We are also seeing right now in India while we are heading closely towards  end of 2022 ( a couple  of months ahead ) :

a) Stock Market Crashes in India - that indicates the Foreign Institutional Investors pulling out by selling off - could generate lot of local shocks.

b) Indian Rupee sliding down to all time low against USD. A Rupee is hardly 1.0+ cents value of an USD now or Rs 82.30+ against an USD - very sweating situation for us nationally. With lower purchasing power in hands, we may find hard to afford all that we intend to buy from global markets or even local markets.

Just 4-days back, I have read, the Big-Tech Giant, Facebook (Meta) announced, it will be going to lay off 12000 out of 72000 of its Global Work Force, grand 15% of it, no mean a news.

Similar shockers may keep coming in the days to come, can't be ruled out.
While nobody likes the news of such negative outlook, however, knowing it, expecting it, being prepared and facing it, in our ways by everyone could be wise.


About the Author : Dr. Nimain Charan Biswal is a B.Sc.(Agri. Science and Technology), M.B.A. and Ph.D.(Management Area ) by qualifications; and he has 36+ years of work experience in both industrial and development sectors in diversified fields of social importance. He has been educated at Orissa University of Agriculture and Technology (OUAT)-Bhubaneswar, Institute of Rural Management Anand (IRMA) and Gujarat University (with Resource Support of IIM-Ahmedabad). He is further educated at IIM-Calcutta, XLRI-Jamshedpur, Apple Computer Industries and Spar Inc., USA. He has worked for reputed National and International Organizations in Senior/Top Management Capacities at Board level as well as Managing Director and CEO. He is a management expert covering extensive areas from management in industrial sectors, management in agriculture and dairy, development management to management of public systems. He is a prominent professional of India and known Internationally as well. He lives at Mumbai in India.


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