This is a clip from Why Recessions Happen: Get access to behind-the-scenes vlogs, my scripts, and extended interviews over at I made a poster about maps - check it out: Custom Presets & LUTs [what we use]: About: Johnny Harris is an Emmy-winning independent journalist and contributor to the New York Times. Based in Washington, DC, Harris reports on interesting trends and stories domestically and around the globe, publishing to his audience of over 3.5 million on Youtube. Harris produced and hosted the twice Emmy-nominated series Borders for Vox Media. His visual style blends motion graphics with cinematic videography to create content that explains complex issues in relatable ways. - press - NYTimes: NYTimes: Vox Borders: NPR Planet Money: - where to find me - Instagram: Tiktok: Facebook: Iz's (my wife’s) channel: - how i make my videos - Tom Fox makes my music, work with him here: I make maps using this AE Plugin: All the gear I use: - my courses - Learn a language: Visual storytelling: ...(read more)
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Are we in a RECESSION? The global economy has been experiencing significant fluctuations and uncertainties in recent times, leading many to question whether we are currently in a recession. A recession is generally defined as a period of declining economic growth, typically measured by a decrease in a country's gross domestic product (GDP) for two consecutive quarters. While some indicators suggest that we may be heading towards a recession, others paint a more optimistic picture. So, let's take a closer look at the current state of the global economy and determine whether we are indeed in a recession. One of the key indicators of a recession is GDP growth, which measures the total value of goods and services produced within a country. In many countries, including the United States, the first quarter of 2020 showed a sharp decline in GDP due to the COVID-19 pandemic and subsequent lockdown measures. This contraction was followed by a rebound in GDP growth during the second and third quarters, which led to a heated debate among economists on whether a recession had occurred. It is important to note that a single quarter's decline does not necessarily indicate a recession; sustained contraction is required for a recession to be officially declared. Unemployment rates are another vital aspect to consider when determining whether we are in a recession. During periods of economic decline, companies often resort to layoffs and unemployment rates tend to rise. In the wake of the pandemic, many businesses were forced to shut down temporarily, leading to a surge in job losses worldwide. Throughout the latter half of 2020, unemployment rates in various countries were at unprecedented levels. Although efforts have been made to revive employment, with some countries experiencing a recovery, it still remains a challenge and a cause for concern. Consumer spending patterns also play a significant role in indicating the presence of a recession. During economic downturns, consumers tend to cut back on their spending, which has a knock-on effect on businesses. In 2020, consumer spending witnessed a sharp decline as people prioritized essentials over non-essential items. However, as countries began to ease restrictions and reopen their economies, there has been a gradual recovery in consumer spending. This recovery, though positive, is not yet at pre-pandemic levels and remains a sign of the lingering impact of the recessionary period. Furthermore, the stock market is often seen as a barometer of economic health. During a recession, stock prices tend to fall as investors become cautious about the future of businesses. In 2020, the global stock markets experienced significant volatility due to uncertainty surrounding the impact of the pandemic. Although markets have shown signs of recovery since the initial crash in March 2020, the overall volatility and fluctuations suggest ongoing instability. In conclusion, while some indications point to the possibility of a recession, it is crucial to recognize that the global economy is a complex entity with numerous factors influencing its trajectory. Economic activity has certainly been severely impacted by the COVID-19 pandemic, leading to declines in GDP, rising unemployment rates, reduced consumer spending, and stock market volatility. However, the true extent and duration of a recession can only be determined retrospectively. It is essential for countries to implement effective policies and strategies to support their economies during these challenging times and work towards recovery and growth. https://inflationprotection.org/is-the-economy-in-a-recession/?feed_id=109887&_unique_id=64932aef84cac #Inflation #Retirement #GoldIRA #Wealth #Investing #JohnnyHarris #JohnnyHarrisVox #JohnnyHarrisVoxBorders #vox #VoxBorders #RecessionNews #JohnnyHarris #JohnnyHarrisVox #JohnnyHarrisVoxBorders #vox #VoxBorders
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