I think I´m going towards recession again, I don´t feel very well.
I haven´t completely recovered from the last recession either, so this is not a good thing. I have no idea what I should do, I hoped I would have more time to be prepared for something like this...
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More info:
- The Great Recession (2007–2012) was a period of general economic decline observed in world markets during the late 2000s and early 2010s. The scale and timing of the recession varied from country to country. In terms of overall impact, the International Monetary Fund concluded that it was the worst global recession since the 1930s (the Great Depression). The causes of the recession largely originated in the United States, particularly related to the real-estate market, though choices made by other nations contributed as well.
Finland didn´t recover by 2012 (and the whole mobile phone business kind of crashed in 2008, too), in fact Finland fell in a deep, deep recession in 2014, and only in 2017 it started to look like the worst was behind, which isn´t even sure yet. There could be a new global recession behind the corner already.
This caused Finland to argue, probably for the first time ever, with the EU about loan packages, because people didn´t understand how Finland could loan money to other countries in recession if so many cuts are being made in their own country. This also caused a raise of a quite populist party in Finland.
Finland won gold in in the ice hockey world championship in 2011, and because the economy had started to recover after Finland won gold in 1995, people were kind of hopeful it would happen again... it did not. But I guess you need to be a little bit superstitious sometimes.
