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Is a recession looming and did the last one even end?

Friday, July 12, 2024 | 640 Views |

We the people: The country’s youth are worst affected by unemployment and the general lack of opportunities in the economy

What is recession? Is it when institutions say the numbers are pointing that way? Or rather, is it the fact that households are struggling to survive, graduates going jobless and companies battling to break even? Staff Writer TIMOTHY LEWANIKA reports

The question is, can a graduate who couldn’t find a job during COVID-19 in 2020 and still can’t find a decent job in 2024, say the economy is not in a recession?

Certainly not, in fact for them the economy is still recessionary.

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Is a recession looming and did the last one even end?

What is recession? Is it when institutions say the numbers are pointing that way? Or rather, is it the fact that households are struggling to survive, graduates going jobless and companies battling to break even? Staff Writer TIMOTHY LEWANIKA reports

Nhabe duo clinch BNSC Indoor Sport Festival title

FA Cup claims first Premier League casualty

BNSC spends P300k on Indoor Sport Festival

Cyber Drill sounds alarm on AI, IoT and quantum threats

BA ISAGO, partners launch training scheme for energy sector

BNF leadership forum eyes renewal

When political opportunities flee, vultures flee, loyalists rise

BDP constitution review calls face procedural test

Cameras watching: Drive safely or pay the price