Some might not really feel the effect of global recession. Industries which depends on local market such as telecommunication, agriculture, food and beverages, government related, or education might not directly feel the impact of this hard time. But industries such as manufacturing and automotive are now struggling with the super low demand especially from the west.
This time recession is worst than 1997, where at that time only Asia's currency was drop. The ringgit value was depreciating but the order from the west were still sustainable. So, any company who are exporting at that time can profit more when exchanging the value of dollar to RM.
But now, the situation is totally different. Companies are trying to minimize the their losses. Hundreds of thousands were unemployed. Some was been given unpaid-leaves.
On the other hand, it is the good opportunities to grab. All the stocks market are going down, so as the unit trusts. If the fund allowed to do so, this is the golden opportunity to invest. Make sure you study first on how to invest, and make sure you are investing, not gambling.
On time like these, peoples always thinking on the way out. I can bet many entrepreneur will be born at this time and making millions of ringgit in the next few years. I was thinking the same way too. I need to have enough sum of income to welcome the new members into our family around next March (insyaallah). But I don't worry too much, because I believe in God. He's the one who provide us with all the rezeki.
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