Hello Project Hope community, good start of the week to all. Every day that passes I try to keep up to date with developments in the global economy, I watch some videos of people who make their respective analysis, to try to understand what is happening and where the world may be heading in economic terms, but what I have very clear is that it is not going very well.

Recently I was listening to a video of a Spanish economist and investor who talked about what is feared could happen, such as hyperinflation, or the other, which in theory we are already in, which is the economic recession.

According to the basic concept, if a country's GDP or gross domestic product closes negative for two continuous quarters, we are already in recession. And this is what has happened in the United States, which, considering the weight it has in the global economy, simply has repercussions beyond its borders.

But, they made use of another term, which is Stanflation, something I had not heard of, which is the sum of exaggerated inflation plus recession. These terms in general are new to me, I am studying them, trying to understand them, to see everything that is there related, I cannot continue living in that level of ignorance in these subjects, it is not convenient.

This is how I have been learning little by little, and it seems unbelievable, but the fact of beginning to understand the phases of each of these cycles helps you to understand why what happens happens happens, and in a certain way it gives you some light to try to bring your finances to better terms in times like the present.

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I am well aware that this is not an easy process, nor will it be something of a few months, I have learned that unfortunately what has to do with economics is never overnight, the consequences are always seen in the medium term, but it is a benefit for those who understand the process, as it allows us to take corrective measures that give us the possibility to withstand the more complex times.

And not only that, but it lowers anxiety levels for what may eventually come. I think you have to really prepare for complicated times in the remainder of 2022, and even more so, for 2023.

Thank you very much for reading my post.

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