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past economic crises


  past economic crises  COVID-19 Epidemic (Covid-19 Crisis) It is the crisis that has the greatest impact on the economy. Causing the world to halt for more than a quarter. The difference between this pandemic is different from previous crises in many ways:  - The severity of the economic contraction is greater than in the past. Due to the lockdown of countries around the world, GDP figures in the 1st-2nd quarter contracted globally.  - The speed of economic recovery is slower than in the past. Because there are many effects that cause people's lifestyles to change completely. Scholars therefore predict that the recovery will take at least 2-3 years, slower than other crises.  - Potential economic downturn Caused by changing consumption behavior, the economy also changed. Causing every business to adapt in order to continue to support  Tom Yum Kung Crisis (Asian Financial Crisis) This is mainly due to 4 factors: - current account deficit From the current account deficit of 14,350 million US dollars. Due to the economic development that emphasized the production for export in the previous period.  - foreign debt problems The foreign debt rose to 109,276 million US dollars. In particular, short-term external debt accounts for 65% of total external debt.  - Overinvestment and real estate bubbles As real estate prices continue to increase cause speculative demand which can attract investors to invest in the business overwhelmingly until it became a bubble economy  - attack on the baht Caused by economic problems that have been accumulated for a long time This makes foreign investors take the opportunity to attack the baht from 25 US dollars. Go up to $50 weaker within a short time  Dot Com Crisis In 1995, market participants had high expectations for technology stocks. that the performance will continue to be good and grow to the maximum At that time, a lot of technology stocks were IPOd. People were making huge money from these stocks. The trading P/E was 100 times higher, sending the NASDAQ index up from 800 points to 5,000 points over time. Only 5 years (1995-2000), which seems a bit overdone. The bubbles that used to inflate began to burst. A stock sell-off followed, sending the NASDAQ index down to its 2002 low of just over 1,100, a 78% loss from its early 2000 peak.  How to prepare for various crises that may occur in the future - have multiple income streams, i.e. have more than one skill - Manage debts in an appropriate proportion - Prepare to deal with risks by living carefully and think about their own liquidity  ------------------------------------------------------------------------------------- Interested in online marketing care services | online marketing | complete graphics | can contact us anytime | brand building | online marketing | online marketing plan | brand building | Facebook fan page care | Take care of LINE OA. You can contact us 24 hours a day.   Details of online marketing services >> https://www.chatstickmarket.com/langran Examples of various brands that we take care of online marketing >>https://www.chatstickmarket.com/portfolio ---------------------------------------------------------------------------------------  💙 Consult our team 💙 📱Tel : 0840104252 📱0947805680 Office Hotline : 034-900-165 , 02-297-0811 (Monday-Friday) 📨 Inbox : http://m.me/ChatStick.TH ┏━━━━━━━━━┓ 📲 LINE: @chatstick ┗━━━━━━━━━┛ or click https://goo.gl/KuzCpM 🎉 details at http://www.chatstickmarket.com/langran 🎉 See our work at https://www.chatstickmarket.com/portfolio

past economic crises


COVID-19 Epidemic (Covid-19 Crisis)

It is the crisis that has the greatest impact on the economy. Causing the world to halt for more than a quarter. The difference between this pandemic is different from previous crises in many ways:


- The severity of the economic contraction is greater than in the past. Due to the lockdown of countries around the world, GDP figures in the 1st-2nd quarter contracted globally.


- The speed of economic recovery is slower than in the past. Because there are many effects that cause people's lifestyles to change completely. Scholars therefore predict that the recovery will take at least 2-3 years, slower than other crises.


- Potential economic downturn Caused by changing consumption behavior, the economy also changed. Causing every business to adapt in order to continue to support


Tom Yum Kung Crisis (Asian Financial Crisis)

This is mainly due to 4 factors:

- current account deficit From the current account deficit of 14,350 million US dollars. Due to the economic development that emphasized the production for export in the previous period.


- foreign debt problems The foreign debt rose to 109,276 million US dollars. In particular, short-term external debt accounts for 65% of total external debt.


- Overinvestment and real estate bubbles As real estate prices continue to increase cause speculative demand which can attract investors to invest in the business overwhelmingly until it became a bubble economy


- attack on the baht Caused by economic problems that have been accumulated for a long time This makes foreign investors take the opportunity to attack the baht from 25 US dollars. Go up to $50 weaker within a short time


Dot Com Crisis

In 1995, market participants had high expectations for technology stocks. that the performance will continue to be good and grow to the maximum At that time, a lot of technology stocks were IPOd. People were making huge money from these stocks. The trading P/E was 100 times higher, sending the NASDAQ index up from 800 points to 5,000 points over time. Only 5 years (1995-2000), which seems a bit overdone. The bubbles that used to inflate began to burst. A stock sell-off followed, sending the NASDAQ index down to its 2002 low of just over 1,100, a 78% loss from its early 2000 peak.


How to prepare for various crises that may occur in the future

- have multiple income streams, i.e. have more than one skill

- Manage debts in an appropriate proportion

- Prepare to deal with risks by living carefully and think about their own liquidity


-------------------------------------------------------------------------------------

Interested in online marketing care services | online marketing | complete graphics | can contact us anytime | brand building | online marketing | online marketing plan | brand building | Facebook fan page care | Take care of LINE OA. You can contact us 24 hours a day.

Details of online marketing services

Examples of various brands that we take care of online marketing

---------------------------------------------------------------------------------------


💙 Consult our team 💙

📱Tel : 0840104252 📱0947805680

Office Hotline : 034-900-165 , 02-297-0811 (Monday-Friday)

┏━━━━━━━━━┓

📲 LINE: @chatstick

┗━━━━━━━━━┛

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