The World May Be in the Early Stages of Recession
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The World May Be in the Early Stages of Recession
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If this is true, it’s time for the intercessors to rise up and ask for divine intervention to shape the course of history.
From Fox Business. Piper Sandler chief global economist Nancy Lazar warned on Monday that the world is in the early stages of a “very significant” and “synchronized” recession.
In an appearance on “Mornings with Maria” Monday, Lazar noted that a recession is expected outside of the United States.
“It’s going to be a global recession pulling down [the] Euro zone in particular,” she told host Maria Bartiromo. “It looks like China GDP [Gross domestic product] in the second quarter could also be negative….”
U.S. economic growth was revised slightly higher in the final months of 2021, helping the nation record its best year for growth in nearly four decades before the highly contagious omicron variant of the coronavirus dampened consumer spending and further strained the global supply chain….
“You didn’t get it, in part because the backbone of the United States is pretty healthy, which we still think is the case,” she told Bartiromo.
“But, nonetheless, outside of the United States, indeed you do get a recession, led by the Euro zone given what’s going on with oil prices and global interest rates.”
Oil prices fell on Monday, with U.S. crude slipping below the $100 per barrel level….
In March, inflation accelerated to a new four-decade high as supply chain constraints, the Russian war in Ukraine and strong consumer demand fueled rapid price gains that wiped out the benefits of rising wages for most Americans.
The Labor Department said earlier this month that the consumer price index (CPI) – which measures a bevy of goods including gasoline, health care, groceries and rents – rose 8.5% in March from a year ago, the fastest pace since December 1981, when inflation hit 8.9%. Prices jumped 1.2% in the one-month period from February, the largest month-to-month jump since 2005….
Lazar predicted on Monday that “lower inflation is coming.”
“I think we are going to have significant goods deflation,” she told Bartiromo, pointing to the price of used cars as an example….
How are you praying about a potential recession? Share this article to keep people informed.
(Excerpt from Fox Business. Photo Credit: Canva)
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Praying for, China, and Russia
Father, we pray for the nations of the world, especially the very poor ones who will suffer the most. And we pray for the poor in this country. You bless when we help the poor. May we as your people be willing to give so others will have.
Gods said He will always make a way fir us. Remember What Joseph did as famine was predicted in the Bible. Do as Joseph did and we can beat any recession, famine that the Radical Left is pushing. Prayer, Believing are powerful tools. Gods promises he will restore so let’s get on the restoration Train of Belief. It is all in the Bible our guidelines as we study and read His words as we pray. I pray His words as I read, after all they are His words of HOPE🧎♀️🧎♀️😘
A can if beans rise from $1.09 to $1.29. That’s about 18% rise in this one grocery item. The process for determining inflation doesn’t include everything, from what I understand. Not sure I completely believe this report.
Father, You own the cattle on a thousand hills. We repent of our gluttony, greed, self-serving ways here in the U.S. Many of us took care of ourselves first and gave little thought to our neighbor. We thank You for all the abundance we have had. Now, Lord, in our repentance, we determine to do everything in moderation. This includes eating out, purchasing groceries, how much we eat at each meal, and making sure we do something to help those less fortunate than we are. May we be channels of blessing just as You told Abraham. Use us. Protect us. Deliver us from evil. Let the good reports of what You are doing come to light. Amen.
Father,
We thank You that You are Jehovah Jerah”, our “God of Provision” who supplies our every need. Indeed You are “El Shaddai,””the All Sufficient One, “the God who is more than enough.” For Your grace is more than sufficient for us. We ask You for wisdom. Help us to know how to prepare spiritually and economically for any financial crisis that may be coming. Guide and direct us in how to pray and what to do so that we will bring You glory through our actions. Show us how to protect our families and friends and especially those who are vulnerable. Strengthen our faith to persevere joyfully and to be a light to others. Let this be a time of great revival as we turn to You in repentance and hope. Pour out Your Holy Spirit upon us, Bring protection, deliverance, restoration, and great miracles of provision and healings. We ask You and thank You for hearing our prayer in Jesus’ name Amen!