Recession, Depression, Opportunity
WWC - Coping with Coronavirus
IN THIS SERIES OF ARTICLES TO HELP EXPATS DEAL WITH CORONAVIRUS, PROACT SAM EXPLORES HOW EXPATS CAN PROTECT THEMSELVES AND EXPLOIT OPPORTUNITIES PRESENTED BY THE PANDEMIC.
Part 5 - Recession, Depression, Opportunity
ProACT Sam considers the fact that just as we are getting rid of the ‘austerity’ of the last 12 years we find ourselves facing... WWC - Coping With Corona Series.
CRASH
The 1920’s stock market crash was followed by the 30’s decade of depression and a decade later a world war.
BANG
The financial crash of 2008 began in the US and subsequently hit countries throughout the EU. This heralded a long period of austerity, which lent itself to one purpose of using the word ‘depression’.
WALLOP
Everything had begun to look good for the future 10 years to follow, but late in Autumn of 2019, the seeds were sown for the 2020 World War Cee - WWC.
CHANGE
Our WWC - Coping With Corona series of blogs, vlogs and podcasts are created with a view to changing our thinking and creating a new perspective. Unlike the 40’s, there will not be a lost decade, a lost generation following WWC.
REVOLUTION
We were already in the midst of the internet revolution that is changing every way we are Living and Working Abroad as Expats. WWC creates further changes to timescales and the future.
LOOK FORWARD
Expat families and businesses Living and Working Abroad should look forward to the opportunities ahead. Businesses will reorganise, cut costs and find new ways to provide goods and services. This will lead to the creation of new jobs and employment for employees. Leisure time will change. How will the global market change and operate? Opportunities may open up or close down, but new opportunities will appear for sure.
OPPORTUNITIES
Expats could look forward to the new world of opportunity for Expat families, businesses and properties. Follow us to keep ahead of the latest changes and recommendations for adapting life for Expats Living and Working Abroad. The ProACT team already works online and offers online client reviews and advice. Contact us today to join us in the future!
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Part 6: Why a Healthy Global Economy needs Consumers.
