Everybody talks about recession. Okay, will a really strong economy face recession?
No and Yes.
Why and how No
Strong economy always has a long term vision. It just does not think about making money today and be happy today. But building a strong economy will take its own time; it is like building immunity in the body. Initially the outcome may not be big, but it will stand in the long run.
Mostly Slow and steady economy would run long. There are so many companies which depicts this.
Why and How Yes
It's obvious that when everybody around is sneezing, it infects strong economy as well. Still the strong economy can recover sooner than the other. We have people in industries gravitated by monetary benefits than their actual skill sets and end up building a weak economy. Government should change the mindset of people by promoting other industries. Government is biased towards certain industries. People interested in electronics would perform better in electronics industry than banking industry. But we have people working for money in different industry which they are not specialized in.
Who would survive?
Anybody or any company has long term vision with better foundation.
Who would not survive?
Anybody built the body overnight or thinking about day to day operation without the long term vision
Beat the heat
Yes it is a time to
Refine the trend
Improve the standards
Invest in research and development
Improve the infrastructure
Better planning to build the better economy.
Is it good?
Yes it is good to our economy. This will correct or refine the current scenario and would build the strong and long run economy.
Many talented laid off people would think about starting business their own in which they are strong. This would lead to Innovative ideas which we are already in, a new world would start budding.
Is it bad?
Yes, it's bad to so many families commitment they already made and their health.