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A fifth of Brits don’t know what a recession means

A fifth of Brits don’t know what a recession means

Millions of Brits may lack the financial knowledge to make the most of their money. Photo: Dominic Lipinski/PA Wire/PA
Millions of Brits may lack the financial knowledge to make the most of their money. Photo: Dominic Lipinski/PA Wire/PA

One in five Brits don’t understand what the word “recession” means, research suggests.

More than a fifth (22%) of UK adults told Raisin.co.uk Our research shows that more than a fifth (22%) of British adults are bewildered by financial terminology, putting them at a disadvantage in understanding and growing their money.

What’s more, two in five (42%) are concerned they’re not making the most of their money because they lack vital financial knowledge.

This rises to two in three (57%) of 23 to 34-year-olds – 56% of whom already have debt.

The term “effective annual rate” (EAR) – the return on a savings account, accounting for compounding interest – causes the most confusion, with 77% of people admitting they don’t know what it is.

READ MORE: UK economy faces ‘perfect storm’ as winter looms

However, words like “inflation” and “recession”, which appear frequently in the media – especially currently, during the COVID-19 pandemic – also confuse a fifth of people, with 19% and 20%, respectively admitting to not understanding what they mean.

This could potentially be leaving millions of Brits too ill-informed to sufficiently prepare for the financial impact of the coronavirus crisis, the study’s author noted.

Additionally, just 22% of adults feel they can turn to friends or family who work in the industry to help them understand the financial jargon, with only 15% speaking to their parents.

“The last 12 months have been incredibly testing for UK consumers,” said Kevin Mountford, co-founder of Raisin.co.uk.

“With multiple rate drops from the Bank of England, to wide-spread speculation of a recession and negative interest rates, there is a lot for consumers to process.

“The research clearly shows that people are too

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Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

Stock Market Trading Tools To Help Beginners Trade Like Pros During The Recession

The global stock market has been up and (mostly) down thanks in large part to the ongoing pandemic. To no one’s surprise, this pandemic triggered a global recession with Worldbank.org going as far as saying that “It could plunge the world into the worst recessions since World War 2.” Despite the uncertainty, we’ve found that rookie investors have been getting into the market thinking that they could take advantage of the sudden drops in stock prices.

Unfortunately, almost every beginner trader hasn’t done even a fraction of the research needed to make educated trades. Chances are, they’ll end up losing more than they make. We’re going to make sure you won’t end up like them.

After reading this post, you’ll be well-equipped with the proper knowledge in stock trading so you can take advantage of these “new normal” prices for when the market inevitably shoot back up when the economy recovers. With some experience, a few well-placed trades, a bit of luck, you could be looking at a major win that will take you one step closer towards financial freedom.

The basics

Legendary investor Warren Buffett defines investing as “the process of laying out money now to receive more money in the future.” The goal of investing is to put your money to work in one or more types of investment vehicles in the hopes of growing your money over time.

Stock trading is basically investing money you can afford to lose and have that money work for you. Investing your savings or money you know you will need in the near future will greatly affect your discipline and patience — leading to bad decisions. 

With that in mind, let’s walk through other important factors you should keep in mind as an investor to maximize your returns while minimizing your

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World Outlook for the Aircraft Thrust Reverser Actuation Systems Market to 2027: Impact of COVID-19 and a Looming Global Recession

World Outlook for the Aircraft Thrust Reverser Actuation Systems Market to 2027: Impact of COVID-19 and a Looming Global Recession

DUBLIN, Sept. 28, 2020 /PRNewswire/ — The “Aircraft Thrust Reverser Actuation Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Amid the COVID-19 crisis, the global market for Aircraft Thrust Reverser Actuation Systems estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2027, growing at a CAGR of 2.5% over the analysis period 2020-2027. Cascade, one of the segments analyzed in the report, is projected to record a 2.4% CAGR and reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Pivot Door segment is readjusted to a revised 2.7% CAGR for the next 7-year period.

The Aircraft Thrust Reverser Actuation Systems market in the U. S. is estimated at US$380.3 Million in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$331.6 Million by the year 2027 trailing a CAGR of 4.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

In the global Bucket segment, USA, Canada, Japan, China and Europe will drive the 2.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$190.6 Million in the year 2020 will reach a projected size of US$224.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea

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