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Recession is a matter of when, not if!

Luci Ellis, former head of the central bank’s Financial Stability Department, said in September 2015, "the nation’s 24-year run without a recession looked sustainable, even accounting for a painful Chinese slowdown and lower commodity prices. “One (a recession) will happen in my lifetime, but I really don’t want to put my money on exactly when,” Dr Ellis said. She was right, it wasn’t predicted because Australia’s next recession occurred in 2020, during the first and second quarters of the year. This was primarily due to the economic impact of the COVID-19 pandemic. Some industries like Mining and Financial and Insurance Services still recorded growth during this period. Before that, Australia had experienced a long period of economic growth since the early 1990's.

https://www.dailytelegraph.com.au/business/recession-is-a-matter-of-when-not-if/news-story/77d0a64e4d8b5fc568e4c5780d5b0241?utm_campaign=BoostedContent&gad_source=5&gclid=EAIaIQobChMImdGusfuiiAMVlqlmAh3oCQIUEAAYBCAAEgKebfD_BwE&gclsrc=aw.ds

Are you ready for the next recession?

If you have not future proofed your income, you are not ready for the next recession whenever that may be!

Economic recessions are inevitable, and they are painful, with harsh short-term effects on families and businesses and potentially deep long-term impacts on the economy and society. But we can ameliorate some of the next recession’s worst effects and minimize its long-term costs if we adopt smart policies now that will be triggered when its first warning signs appear.

source: Recession Ready - Equitable Growth

Are you recession ready?

"Recessions can occur for many different reasons, but in short, it is a failure of many different industries, businesses, and investments. There are common signs that show an economy is entering a recession, and some others are uncertain because the cause of a recession isn’t always the same."  

source:starsinsider.com