Jeff Bezos Warning for Global Recession

The warning from Jeff Bezos, the founder of Amazon, to put cash in a secure place and to refrain from impulsive purchases has reaffirmed concerns that the US economy is headed for a recession.

Fears of a recession in the greatest economy in the world have been roiling the markets. Concern was initially raised by high prices following the energy crisis brought on by the Russia-Ukraine war. Large-scale tech layoffs heightened the anxiety. Even as Goldman Sachs predicted that the US would only barely avoid a recession, Jeff Bezos made these remarks.

Many European central banks, such as the US Federal Reserve and the UK's Bank of England, are raising their interest rates substantially.

An economic recession is a prolonged decline in economic activity that hampers a country's growth economically. Is recession coming in India

Indian policymakers seemed confident in the country's strong economic prospects. Rajiv Kumar, the vice-chairman of Niti Aayog, has stated that there is no such danger of a recession in India, despite the fact that the finance ministry has begun budget negotiations with industry players. However, India's GDP may be adversely affected by global conditions.

Kotak stated in the research that "discretionary consumption products have historically demonstrated more volatility than basics."

Know How To Make Money In Intraday Trading? As a second source of income.

"The external balance may deteriorate due to lower exports and relatively robust domestic growth (thus, more imports). Gross domestic product (GDP) has returned to pre-pandemic levels in part thanks to exports. Given the external sector headwinds, we retain our FY2023–24 real GDP growth forecasts at 6.8–6%, with downside risks in the near term "said Kotak.

India might gain from a decline in commodity prices brought on by the recession. Lower pricing would be an implied result of a recession as demand would decline.

"It is anticipated that commodities prices will correct lower in a situation of a global slowdown," Kotak added.

Send in a remark

India will be a comparatively preferred destination for foreign fund flows, especially when compared to export-oriented countries, despite the fact that disruptions to exports may somewhat slow manufacturing growth and have an impact on consumption. This is because of India's low dependence on exports.

Financial market guide, keep you updated with the latest financial market News. and provide you with different investment ways. learn how to select stocks with technical analysis course