Today, the UK announced it had gone into recession.  Ireland and Germany announced they were in recession last year and by default that placed the EU in recession.

The news wasn’t surprising.

As countries recover from the pandemic and face hyperinflation, one strategy to stop inflation is to trigger a recession.  It is surprising how many Central Banks and even the Fed admitted to this recently.  The tools for Central Banks and the Fed are whether it becomes a deep recession or a lighter one.  This is referred to as a hard or soft landing.

Time will tell.

The problem with recessions

• the number of people who lose jobs as businesses go under.
• Property repossessions and increase in homelessness
• Increase in soup kitchens
• Requests to charities for support

Yet, with financial education, learning investment skills and strategies, recessions can be overcome and opportunities found to build wealth, income and lifestyle.

Don’t fear recessions, fear lack of knowledge.  The knowledge that will help turn downturns into opportunities.