What is an economic recession?

An economic recession is a period of low business confidence and economic activity. It can be caused by a variety of factors, including changes in the global economy and fluctuating consumer spending. Economic recessions are often referred to as a recession because they tend to occur in pairs that are separated by years.

Signs of the coming recession

There will be warning signs before your economy experiences a downturn. For example, when interest rates begin to rise or unemployment reaches unexpectedly high levels, it may indicate that your economy is on the verge of entering into an economic recession. Other signs include:

1. Unhappy people

2. High unemployment

3. High inflation

4. High interest rates

5. Tightening of credit

6. Tightening of money supply

7. Price gouging

8. Loss of confidence

9. Slow growth

10, Banks are reluctant to lend

How to prepare for the recession?

The best way to prepare for a potential economic recession is by being aware of what's happening around you so that you can make wise decisions about how much money you should spend or save each month or year. This can help you avoid buying impulsively while prices are high and saving money where possible so that when times get tough again, you'll still have enough money left over, so you won't have to worry about paying bills until things get better again!

If you want to make sure you're ready for it, here's how:

1) Make sure you have enough money in your savings account for at least three months' worth of living expenses. If you don't have enough money there, start saving up now. You might be able to get by for a few weeks with some friends and family pitching in on the rent or mortgage payments, but eventually, those payments will come due, and you'll need cash reserves to tide you over until then.

2) Buy some gold. Gold is an excellent hedge against inflation—it's been historically reliable in terms of its value being stable over time—and if that goes away, so does your ability to buy things with it because there won't be any more dollars around anymore.

By investing wisely during times like these, you can increase your chances of making money while ensuring that your savings are protected from any potential losses during tough economic times like these!