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There’s Bad News About the Crisis, Little People Must Get Ready!

Jakarta

The global economy is in danger of falling into a deeper abyss. Even from the latest information, inflation in the United States (US) jumped to 9.1% and was the highest in 40 years.

This was conveyed by the International Monetary Fund (IMF) while heading to the meeting of the Ministers of Finance and Governors of Central Banks of G20 members in Bali.

IMF Managing Director, Kristalina Georgieva said global economic growth this year is estimated at only 3.6 percent. The figure is considered small and the cause is due to various factors.

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The factors that caused the IMF to lower its predictions, including the war between Russia and Ukraine, peaking inflation in various countries, and the unfinished COVID-19 pandemic were also the causes.

“This makes the cost of living crisis worse for millions of people. And the poorest are the ones who suffer the most,” quoted from the BBC, Thursday (14/7/20222).

So how should society react to it?

Financial planner Advisor Alliance Group Indonesia, Andy Nugroho said that in facing the conditions, people need to start ‘tightening their belts’ again. This condition, said Andy, is arguably not much different from the initial conditions of the COVID-19 pandemic.

“This is like the beginning of the pandemic. We are starting to get ready in quotes to tighten our belts. Reduce shopping and items that are not really needed,” Andy said to detik.comThursday (14/07/2022).

According to him, the most important thing at this time is to prepare for the future economic conditions in the country that cannot be predicted with certainty.

On the other hand, Andy also reminded people who are currently investing in high risk instruments to be more careful. Do not let this investment actually be detrimental.

“For example, stocks. If the movement is down, then be prepared to switch to a lower instrument. Anticipate so that later you don’t lose too much,” he said.

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