Posted March 02, 2019 06:16:23When the global economic slowdown began, many people were wondering what they could do to help themselves.
But now many of them are wondering how they can help others, too.
With the global economy still in a fragile state, it’s important to understand what to do if the recession hits.
Here are five things you can do if you need help, according to a new report by The World Bank.1.
Be proactive about managing your business:For the first time in almost a decade, the world’s economies are slowing.
According to the International Monetary Fund (IMF), the global slowdown has slowed to its weakest rate since 2009.
It has reduced the global growth rate to just 2.4 per cent, below the IMF’s target of 3.1 per cent.
“In the short run, a recession is a natural thing, and we can cope with it,” said Martin Hall, an economist at Bank of America Merrill Lynch.
“But the longer term, we have to think about what we can do about it.”
The IMF estimates that global growth is likely to fall by more than half to 3 per cent in 2020 and 2020 by 2019.
But if we continue to grow at that pace, growth will be even less than this in 2021.
That would translate into an economic contraction of at least 2.2 per cent for 2020 and 2021.
For most of the last decade, we’ve been able to cope with downturns with the help of macroeconomic policy.
But in the global recession, macroeconomic policies are at risk.
The central bank, the Bank of England, is expected to raise interest rates at its next meeting on March 29, 2019, but it’s uncertain whether that will lead to more spending, more hiring, or a slower economy.2.
Get more from your business income:The World Bank report found that businesses need to think beyond the short-term to find ways to make money during a downturn.
The report found the biggest drivers of economic growth were: rising exports, growing capital spending, and increasing the use of technology.
The use of mobile phones, e-commerce and social media is now the biggest driver of growth.
But the report warns that these technologies are becoming more expensive, with new entrants making it harder to access the goods and services that people need.
“If you want to make more money, you need to invest more,” said Hall.
“If you need more people to work in your business, you have to invest in training, training and more training.”3.
Invest in your company:While there’s some evidence that the recession may have hurt businesses, the World Bank said the recovery has been stronger in recent years.
It found that companies have made up for lost income during the recession.
It said, “A recent trend shows that growth rates of companies in the sectors most affected by the downturn have been on a more sustainable trajectory.”
“In many sectors, however, companies are continuing to struggle, and it is likely that they will need to take additional steps to improve their performance, including through greater investment in research and development,” said the report.4.
Use digital currencies to invest:The IMF report also found that digital currencies such as Bitcoin and Ripple have helped companies to stay afloat during the economic downturn.
The report said these currencies have made it possible for companies to invest their profits into new ventures.
“The rapid rise in Bitcoin and the growing popularity of digital currencies may allow companies to tap into the savings and investment of their employees,” said Wall Street analyst Jody Powell of Morningstar.
“It also provides an incentive for employees to spend more time on work-related activities, such as online shopping, rather than spending money on purchases of new goods and technologies.”
The report suggests the U.S. should follow the example of other countries such as Australia, Canada and Sweden, where employees can use digital currencies like Bitcoin to invest.
“This strategy could provide an additional layer of flexibility to companies in this recessionary environment,” said Powell.
“It could help mitigate some of the shortfalls in investment during the downturn, such that employees have the opportunity to reinvest in their business in a way that has less impact on their bottom line,” he said.5.
Buy insurance:There are plenty of things you should do if your business is in trouble.
According the IMF, the financial crisis may have been one of the worst economic shocks in recent history.
It warned that many people may be more vulnerable to the effects of a financial crisis than before.
“When people are in financial distress, it may be that they feel less confident about their financial situation, which in turn can impact their ability to make good decisions about their future,” said Jordan Mowbray, the chief economist at the World Resources Institute.
“In this economic context, people may look to their insurance companies for some protection.”
For example, if your company is facing