How likely is the world to fall into a recession has been the topic of discussion for quite some time now. To help people understand recession & its consequences better, the folks at Homework Joy have published this excellent E-Book on this topic which has lately been in everyone’s mind. Many CEO of big companies including Amazon, Microsoft, Tesla are talking about upcoming recession. CEOs of Goldman Sachs and JPMorgan are convinced that it is inevitable.

Recession fears are predominant amongst most of the big economies including United States, United Kingdom, Canada, China, India and much of the Europe. In addition to recession fears, Americans may also be affected by rising interest rates in 2023. Many big companies have already started downsizing. Small firms have also started taking measures to cut costs in various ways. Here are some of the approximate figures by known brands.

Layoffs by Big Companies

Not all countries will be hit equally in the global recession. Some of the countries may very well tread it brilliantly. However, one thing for sure is that World economy is slowing down. And, you need to prepare yourself in advance for it. Read on to find out what exactly is economic recession and how one can save themselves from the tough times. You can find all about recession and how to be prepared for it in this guide.