And it looks like the major reasons that have contributed to this forecast is the overall diminished consumer spending power in the US. The effects of Russia's invasion of Ukraine on Europe's economies and the property crisis, and not to mention frequent lockdowns in China, where Beijing continues to take extreme measures to curb sporadic outbreaks of COVID-19. So, given this scenario, both the US
Sreeja V
@Wordsmith · 0:38
The light, for one, can definitely share that inflation, seems to be sky high, has actually shot through the roof from staples to fuel right to dining out. Ah, the prices have been like never before, and definitely this does affect the purchasing capacity of the average Indian, so I speak for India. And again, I'm yet to do an in depth analysis of what the economic situation is like, but definitely recession seems to be on the way, big time
Shashank Sehgal
@SSS135 · 1:12
So I think that in short, the reasons that you have mentioned for this are really affecting and besides that, India, if not now, but it might get a recession as well and at least the effects will be on India. And there is a bubble on the entire world, on many economies and that bubble is going to break and things might take a very bad turn. So I don't know what to say. I'm just a student so I don't know what we can do
Swell Team
@Swell · 0:15
I agree there is a contribution from UK and Russia war. And I see that the impact of recession in India is very minimal. It's quite early to just that we have undergoing the process of recession. I think we still have to wait and evaluate and then take a call. So let's wait and see how this is going going to be seen in India. I'm sure that we will overcome this recession too
Diksha Kajla
@Diksha_kajla27 · 0:46
Thank you so much for sharing this audio mom. Yes, this is something that needs to be addressed because economic conditions impact us drastically. And yes, be it globally, nationally, they have an impact on us. So yes, it was something to be be brought amongst everyone. And if you're turning this platform into something so incredible then I seriously congratulate you for that because there are so many things that are helping us to distract here and there