We have to prepare for a serious recession in the months ahead. Here are the likely trend of events:
a) Banks reduce their credit
b) Businesses do not have the operating capital
c) Consumers reduce their spending
d) Businesses cannot meet their operating expenses
e) They reduce the size of their offices, shops and factories and retrench employees
f) They cannot pay their rentals - so the landlords have to evict them (but they cannot find new tenants)
This will be a downward spiral.
What can be done?
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