Are we heading towards a global recession? This is a somewhat contentious question posed by a recent Yahoo news report. With some experts citing what they consider definitive evidence that a recession is coming.
With our political season in full bloom many look to their party of choice in hopes of improving their financial situation. However, what if Dominica’s economic fortunes were mostly dependent on external forces beyond our control? This is the reality for most small developing island states (SIDS) like Dominica.
With this being the accepted reality, a global recession could cause serious hardship especially for Dominicans when combined with the continued effects of our post Hurricane Maria situation.
If a global recession takes place, many could be caught unawares and left in panic and confusion when the effects of such a recession comes to our shores.
Understanding the factors that could contribute to a global recession is key to coping with its effects.
The following article briefly examines the debate behind the likelihood of a global recession.
Life is already desert-like tough for the living poor and a recession at this time will make it unbearable. Let’s all hope that this would not materialize. Most Dominicans are presently living a hellish life, a recession would be a near death experience for these people who are already living on the edge of existence.
A recession would be the only thing that could cause number 45 to lose his reelection. I wouldn’t be surprised if “they” manufacture some type of collapse to bring that about.
the powers that be are allowing #45 (lol) to keep his hold the people of the US. 45 has been beneficial to the ruling class in many ways like tax cuts and his stance on immigration, planning a world wide recession to get him out just isn’t in the cards.
But who knows whats going on in this crazy world