Poll: Are you prepared for the current recession? Thread poster: ProZ.com Staff
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This forum topic is for the discussion of the poll question "Are you prepared for the current recession?".
View the poll results »
| | | | Zea_Mays 
Italy
Local time: 11:07
English to German
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Around (currently) 12% of the poll participants do not see any recession.
What is your perception?
Any idea someone how long recessions last? And the current one (if there is one)?
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I’m having steady work and I have some savings. Besides that, I will say I'm frugal and adaptable…
| | | | Dan Lucas
United Kingdom
Local time: 10:07
Member (2014)
Japanese to English
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Zea_Mays
Italy
Local time: 11:07
English to German
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Interesting. I see the graphs stop at end of August 2022.
What they are saying at Forbes:
https://www.forbes.com/sites/billconerly/2023/08/05/recession-forecast-still-right-for-late-2023-or-early-2024/
It seems to me that the recession started last year with very high inflation
because of skyrocketing energy costs. Since then, many people have been spending less
as wages have not kept pace with inflation (which at the beginning reached more than 10% in Italy).
As people spend less, output falls, unemployment may rise, which would lead to further spending cuts, and so on.
[Bearbeitet am 2023-09-15 11:53 GMT]
| | | | Dan Lucas
United Kingdom
Local time: 10:07
Member (2014)
Japanese to English
| Actually quite recent | Sep 15, 2023 |
Zea_Mays wrote:
Interesting. I see the graphs stop at end of August 2022.
It may look that way, but the latest data points are for August 2023. If you download the data it is clearer.
You probably want to look at the PMIs for different countries for more timely indicators.
As for predictions as to what will happen going forward, there are as roughly as many opinions as there are observers!
My general sense is that it's hard to be positive about the next 12-18 months. Rising interest rates have already had an effect on consumption, but arguably some industries (like construction) have yet to feel the full impact. Obviously this will vary by country and industry.
Regards,
Dan
| | | | Tom in London
United Kingdom
Local time: 10:07
Member (2008)
Italian to English
| You might as well ask.. | Sep 15, 2023 |
ProZ.com Staff wrote:
l question "Are you prepared for the current recession?".
You might as well ask "are you prepared for the Spanish Inquisition?"
| | | | Tony Keily
Local time: 11:07
Italian to English
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| Shouldn't that be... | Sep 15, 2023 |
...'were you prepared' if the recession is current?
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expressisverbis
Portugal
Local time: 10:07
Member (2015)
English to Portuguese
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| What's happening here? | Sep 15, 2023 |
I don't read anything more positive, interesting, pleasant or amusing here anymore, and healthy sense of humor is not allowed.
On the other hand, it is my impression that something else is much more important these days, such as translators/translation are dying, current or past recessions, humans being replaced by AI, moaning on a daily basis, and who knows what else...
Please let's stop to inundate ourselves with all this negativity. This wave of pessimism it's becoming toxic. ... See more I don't read anything more positive, interesting, pleasant or amusing here anymore, and healthy sense of humor is not allowed.
On the other hand, it is my impression that something else is much more important these days, such as translators/translation are dying, current or past recessions, humans being replaced by AI, moaning on a daily basis, and who knows what else...
Please let's stop to inundate ourselves with all this negativity. This wave of pessimism it's becoming toxic.
Call me an optimist or whatever, but these words mean a lot for me:
“Optimism doesn’t mean that you are blind to the reality of the situation. It means that you remain motivated to seek a solution to whatever problems arise.”
The Dalai Lama ▲ Collapse
| | | | | Already prepared, indeed! | Sep 15, 2023 |
ProZ.com Staff wrote:
This forum topic is for the discussion of the poll question "Are you prepared for the current recession?". View the poll results »
Are you talking about the recession brought about by this shitty ChatGPT implementation that ProZ Staff is foolishly trying to impose out there?
You bet I'm fully prepared! Starting by switching off my ProZ annual automatic renewal subscription... Just done, indeed! 😉
[Modifié le 2023-09-15 17:59 GMT]
| | | | Zea_Mays
Italy
Local time: 11:07
English to German
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| different perceptions & chances | Sep 19, 2023 |
So it seems
about 21% see/feel no recession
about 73% feel there's something going on.
Well, the good thing about recessions is that they eventually end
(regarding the current one, I hope before the 12-18 months assumed by Dan).
It's also a good time to do all the work or things we haven't had time to do before,
like reworking websites, updating stuff, learning new skills...
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