Assalamualaikum all of my friends. How are you all? I hope you are all well. I'm fine too. I am Mohammad Kamran Hossain. Today I am going to participate in another new contest in "Steem For Bangladesh" community and the main topic of today's contest is global evil. Today's wonderful contest is organized by @ripon0630 brother and I thank him for organizing such a wonderful contest on global recession. However, now I present to you the issues of this ongoing contest about the global recession.

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Do I think we will be hit by a global recession in the coming years?

With all the current world conditions and activities we are seeing, I think there is a possibility of a global recession in the coming days. According to a recently published study by the World Bank, there is a danger of a recession in the world next year. This concern has arisen as central banks of various countries have taken steps to increase interest rates almost simultaneously while fighting inflation. In this situation, even if the world economy suffers a slight shock next year, it may cause a global recession. According to the World Bank's study, this year the central banks of the world have raised interest rates to a level that has not been seen in the last five decades. It is observed that the global growth is decreasing rapidly. It is likely to decrease further due to recession in various countries. Therefore, concerted action should be taken so that global growth does not slow down. In fact, there is a danger that the economy of developing countries.

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How do I think the global recession will affect the job market and what skills and qualities will be in high demand in the future?

A global recession will definitely affect the job market because when a global recession starts there will be a shortage of raw materials which is a major setback in the production of new products. Then the price of everything will go up and various mill factories may start laying off workers because they cannot produce goods. Moreover, if the goods cannot be exported to foreign countries, the businessmen will not be able to earn money as before, which will be responsible for the global recession.

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Cloud computing skills will be in high demand this year, according to LinkedIn Research.Other skills on the list are artificial intelligence, UX design, mobile application development, scientific development, game development, social media marketing, digital marketing, software testing, data science, computer graphics and animation. According to BTI data, cyber security experts are in demand worldwide. In India alone, officers of this post earn an average salary of up to 85 lakh rupees per annum. Being the CTO or Chief Technology Officer of an organization has a higher salary. CTOs earn 20 percent more than CISOsAccording to researchers, there is a shortage of 3 million cybersecurity professionals worldwide. Most of them are from Asia and the Pacific region. There is a shortfall of 2 million cyber security professionals in the region. So hopefully these subjects will be more in demand later in the era of information technology.

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What lessons can be learned from past global recessions and how can past lessons be prepared for the next global recession?

Global recession is bad news for the whole world. We have seen this global recession in previous war rebellions or corona epidemics. A global recession will lead to inflation and demand for food essential for human survival. Moreover, as a result of the global recession, the prices of all products in the world market increased, especially the prices of food products increased a lot. Mill workers fear job losses due to the impact of the global recession as owners face financial crunches to run mills. So it can be said that economic recession leads to increase in demand for various products including job market, foodstuff which are the main factors of economic recession.

Food becomes the most urgent as a result of the global recession that has been seen in the past. And food is the most important basic need of human being which is necessary for every human being. So global recession will increase the prices of commodities many times than usual so we should cultivate different crops in the fallow land around our house which will be able to fulfill our food requirement to a large extent. Also we can save a part of our income which we think will be useful in these recessions. So we should all do fallow farming to survive the global recession.

My Prep for Global Recession

My preparation for the global recession is that I first started growing various vegetables in my backyard to meet the food requirement. Also, I am saving some cash for future recessions so that this money will help me in those times of trouble. So first I am turning the vacant lot next to my house into a cropland and saving money for the future. Also trying to earn money by working on online platform because job market will be bad during global recession that's why I want my main source of income to be online platform from where I can do good even in bad days in future.

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Conclusion

It is not unusual for the future global recession to occur due to the current situation in the world with various natural disasters including wars and insurgencies. So keeping these things in mind we should be prepared from now so that we can face all such problems. So we need to start building food supply and stocking up for the future so that we can survive this financial downturn.

Invite friends : @suboohi, @sualeha, @m-fdo, @maslam001, @lirvic

Thank you very much

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@ripon0630 brother 🥰