FinTech Today

Read Time: 4 mins We all are well aware that the coronavirus pandemic has led us to state wherein we are worried about our health, food, essentials, money, and even our jobs. In this time wherein we need each other's support, we also need to understand the numbers clearly rather than just insinuating. Also, we need to understand the chances of a recession alongside the size of the recession. Spoiler Alert : Chances of recession within 12 months as per Bloomberg Economies = 100%. Source: Bloomberg Business Week I guess, now you'll be heeding to this blog even more carefully. So first let's see how big the Pandemic can be and as we have already seen how the GFC (shorted for Global Finacial Crisis) of 2008, how this one compares to that. First, to understand what happened during GFC, I would like you to read this blog . Now since we know what happened in the period 2007 to 2009 during the GFC. Let's focus on the coronavirus pandemic. As of now, what we kno

Read Time: 4 mins Amid the pandemic of the coronavirus, we are all aware the economy is falling across all regions of the world and the world is currently under chaos and the economic downfall can be well explained by the healthcare issues we are facing. But the question remains, are we going to see a recession? A quick spoiler - this blog doesn't have a definite answer to that but it'll help you understand the probability of it happening over the next few weeks. First of all, let's understand how and when do we officially term that a recession has come and who defines that? A recession is a significant decline in general economic activity of a region. This macroeconomic term is typically recognized as two consecutive quarters of economic decline, this decline is reflected by GDP in conjunction with monthly indicators such as a rise in unemployment. The National Bureau of Economic Research (NBER) is the one that officially declares recessions. However, the NBER def