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- Herausgeber: epubli
- Kategorie: Fachliteratur
- Sprache: Englisch
We live in an era marked by uncertainty. Economic crises, wars, pandemics and geopolitical changes paint a scenario where stability seems increasingly fragile. When a global recession looms, many are caught off guard. But you don't have to be one of them. This book is a practical, direct and human guide to help you understand, resist and thrive even in times of crisis.
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Seitenzahl: 42
Veröffentlichungsjahr: 2025
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©2025, Danniel Paraiso. All rights reserved.
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How to Prepare for the Global Recession
Daniel Paradise
Introduction
We live in an era marked by uncertainty. Economic crises, wars, pandemics and geopolitical changes paint a scenario where stability seems increasingly fragile. When a global recession looms, many are caught off guard. But you don’t have to be one of them. This book is a practical, direct and human guide to help you understand, resist and thrive even in times of crisis.
Part 1: Understanding the Storm
Chapter 1: What Causes a Global Recession
• Economic, political and social factors
• Chain effects and interdependence of countries
Chapter 2: How the Recession Impacts Your Life
• Inflation, unemployment, falling income
• Psychological and social effects
Chapter 3: Lessons from Past Crises
• What we learned from 1929, 2008 and the pandemic
• Economic cycles and how to prepare in advance
Part 2: Antifragile Mindset
Chapter 4: The Power of Financial Awareness
• Take control and stop outsourcing responsibilities
Chapter 5: Economic Anxiety and How to Deal with Fear
• Strategies for keeping your mind clear in the midst of chaos
Chapter 6: Resilience Is Not Luck, It’s Strategy
• How to strengthen your emotional and financial behavior
Part 3: Structural Preparation
Chapter 7: Emergency Reserve – The Parachute
• How to build and maintain a solid reserve
Chapter 8: Smart Cost Reduction
• Cut without losing quality of life
Chapter 9: Financial Organization and Real Control
• How to create a monthly plan, record income and expenses, and use free tools
Part 4: Strengthening Your Foundation
Chapter 10: Extra Income and Diversification
• Alternative sources of income and how to get started
Chapter 11: Conservative Investing in Times of Uncertainty
• Protecting your money without taking unnecessary risks
Part 5: The Anti-Recession Action Plan
Chapter 12: Personal and Financial Diagnosis
• Honest assessment of your current reality
• Simple spreadsheet to visualize expenses, income, debts and strengths
Chapter 13: Financial Survival Plan — Cut, Trade, Protect
• Practical strategies to stop financial bleeding and preserve the essentials
Chapter 14: Creating Multiple Streams of Income — Even During a Crisis
• How to monetize skills, sell products and services, use digital platforms and build semi-passive income streams
Chapter 15: Creating a Sustainable Post-Crisis Growth Plan
• Stabilization, consolidation and expansion based on what worked
• Long-term thinking and purpose beyond profit
Chapter 1: What Causes a Global Recession
Economic, Political and Social Factors
A global recession is, first and foremost, a complex phenomenon that involves the simultaneous slowdown of the world’s major economies. Although the causes vary from one event to another, some forces tend to recur frequently. Among these, economic, political and social factors stand out.
1. Economic Factors
• Natural Economic Cycles: Economies follow cycles of expansion and contraction. During expansion, there is growth, job creation, and investment. But eventually markets become saturated, prices rise too high, profits fall, and the economy enters a recession.
• Inflation and Interest Rate Hikes: When prices rise too quickly (inflation), central banks often raise interest rates to curb consumption and investment, which can slow down the economy. If this strategy is poorly calibrated, it can lead to a recession.
• Financial Crises: Failures of large banks or asset bubbles (such as the real estate bubble of 2008) can cause domino effects in various sectors, paralyzing credit and halting consumption.
• Fiscal Imbalances and Sovereign Debt: Very high public debt and constant fiscal deficits can cause distrust in markets and make it difficult for governments to finance themselves, leading to drastic spending cuts.
2. Political Factors
• Political Instability and Wars: Armed conflicts, institutional instability, coups d’état or geopolitical disputes directly affect trade, investor confidence and the flow of capital between countries.
• Economic Sanctions: Trade barriers and sanctions on major economies (such as Russia, China, Iran) affect global supply chains and increase the cost of raw materials and energy.
• Protectionism and Economic Nationalism: The rise of protectionist policies can limit international trade, harm exports, and increase the cost of living for entire populations.
3. Social Factors
• Rising Social Inequality: High levels of inequality can generate social dissatisfaction, protests and instability that undermine sustainable economic growth.
• Demographic Changes: The aging of the population in developed countries reduces consumption and increases public spending on health and social security, hindering growth.
• Pandemics and Public Health Crises: The COVID-19 pandemic has shown how a virus can bring the global economy to a halt in a matter of weeks, disrupting production chains, tourism, trade and even urban mobility.
Chain Effects and Country Interdependence
Today’s world is more connected than ever before. A crisis in one country can quickly spread to others through trade, financial flows and supply chains. This is called the domino effect.
1. Global Interconnected Trade
