According to a recent publication. CNN depicted that Global GDP is expected to fall by at least 1.5%. A lot of factors have been pointed out as the reason for the fall. The major of which is the Ukraine war which has resulted in contention for energy. Though slow however tilting towards a failing economy.
How The Grinch Stole Christmas
If you are a fan of the popular Christmas movie \’How The Grinch stole Christmas\” you would understand the investor theory explanation of what I am about to point out. In the movie, The character the Grinch thrived by stealing the Christmas gifts of the people to stop them from being happy. To connect with the failing economy. This concept states that the number one driving force behind the failing 2022 economy and the possible decline of global GDP in 2023. Is the fact that wars and inappropriately spread investitures are slowly but surely ebbing at the global economy.
Will There Be a Recession in 2023
Although this may look a lot like unfounded predictions. But If you take a solid look at the market, follow stock trends, and monitor the effect of wars on the global economy. You would understand that the market disruptions point to a possible decline in GDP in the year 2023. So yes if the factors are not checked at the moment there will be a recession in 2023.
How does this affect manufacture?
In every market once there is a recession. The raw materials for production go up in price and as a result, affect the price of production and end result of production manifesting in high prices. When consumers buy at high prices they are not happy and therefore leads to the Grinch Christmas effect. Sad People on Christmas eve. You can check out our shop section this way