During recession what is important is finding a way to survive without destroying our investment
Most recessions are challenging but they also offer opportunities to people who can recognise them and have positioned themselves to take advantage of them. It is like a crypto bear market. There are opportunities to accumulate assets that will appreciate in price when the market picks up, which it does eventually.
interest rate is increasing on daily bases
Intervention during a recession is typically expansionary policy; this stimulates activity (i.e. increases demand). However, expansionary policy is inflationary. This does not normally matter as inflation is normally low during a recession. This time it is different. Growth is low and inflation is high. They cannot both be tackled at the same time using demand side policies.
Increasing interest rates is contractionary policy that is used to reduce inflation. This slows the economy down. Under current circumstances, it will make a recession worse. The causes of the crisis need to be addressed. They are mostly on the supply-side and caused by past interventions. Sadly, it is going to take a long time to fix.
in many ways, not Covid 19 that caused this recession it is the mismanagement of the economy
I consider Covid-19 policies as a trigger. They were very damaging but this has been because economies have become very vulnerable. If Covid-19 had never happened, something else would have triggered this current crisis.
RE: Winners and Losers from the “Cost of Living Crisis”