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Global Recession 2023 – Secvolt

“The year 2023 lies ahead of us, like a blank page waiting to be filled. You can either create a great story or a terrible one. It is up to you to decide how you want it to be.“

We all believe that a new year comes with new resolutions, opportunities, choices, and new problems. Irrespective of whether we are prepared or not, we have to face certain things, like the coming recession. 

The world economy is at a crossroads. Inflation is running at multi-decade highs; central banks are tightening their policies with the utmost aggression ever seen in generational history, and recession has broken out in the US and Europe. Many analysts anticipate that the 2023 recession will be the third-worst year for global growth following the 2020 pandemic and the 2008 financial crisis.

So, will a recession occur in 2023? Is it really that bad? Or are you imagining things?

Let us figure it all out by starting with the basics.

What is a Recession

 

What Is Recession?

A recession is a period of economic deterioration that is marked by a reduction in GDP, increased unemployment, and decreased corporate activity. It is commonly described as two consecutive quarters of GDP drop. 

Recession is all about struggling businesses, increasing bankruptcies, consumers reducing their spending, and after all this, the government making their own policies to encourage economic development to lessen the impact of a recession.

A declining economy, an inverted yield curve, or a faltering labor market are all warning indicators of an economic collapse coming. 

Let us understand more about the causes of the recession. 

Causes Of Recession

 

Causes Of Recession

A variety of factors can cause a recession. Following are several common causes of recessions: 

  1. Financial Crisis: A financial crisis, such as a banking or credit crunch, can trigger a recession if it disrupts the financial system and reduces lending and investment.
  1. Economic Downturn: A downturn in the economy, such as a collapse in the housing market or a drop in commodity prices, can cause firms to cut production and employment, resulting in a recession.
  1. Changes In Government Policy:  Changes such as tax hikes or expenditure cuts can also contribute to a recession, more so if they cause a fall in demand for products and services.
  1. Geopolitical Events: Political instability or conflicts, such as wars or trade disputes, can disrupt global commerce and investment, potentially leading to a drop in global GDP.

So, these are some of the causes of a recession. The question remains whether a recession is coming or not? Let us see what experts have to say about this.

Inevitable Global Recession Of 2023

 

Inevitable Global Recession Of 2023

As the new year begins, warning lights indicating the world economy is heading for a recession are flashing bright red. The world economy has already faced multiple blows, with the war in Ukraine driving up food and energy prices following the return of coronavirus in China and most parts of the world. Experts argue that all of this will continue this year as well.

According to the IMF, global GDP will grow by 2.7 percent in 2023, 0.2 points less than projected in July. Its forecast for world growth this year remains at 3.2 percent. Apart from the global financial crisis and the pandemic, the global growth profile has been at its “weakest” since 2001. China, the biggest economy, welcomed back the lockdown and the contraction of the US GDP rate in the half year.  All of this is just a small part of the coming 2023 recession. 

“This year’s shocks will reopen wounds that were only partially healed after the epidemic,” says IMF head economist Pierre-Olivier Gourinchas. He added that almost a third of the world’s economy would contract this year or next, and the three largest economies would continue to stagnate. 

This implies that a recession in 2023 is inevitable. So, what kind of impact will it create? What effects does a recession generally cause? In the next section, let’s discuss that. 

Impacts Of Recession 

 

Impacts Of Recession 

The impacts of a recession can be far-reaching and affect individuals, businesses, and governments. Some potential impacts of a recession include the following:

  1. Unemployment- It is possible for businesses to suffer during a recession, leading them to lay off workers or reduce the number of hours that they work, leading to an increase in unemployment.
  2. Lower Demands For Goods And Services: During a recession, consumers may reduce their spending because of economic breakdown, resulting in lower demand for products and services.
  3. Profitability And Bankruptcy: Economic downturn can result in a struggling business during the recession, which causes a decrease in profit followed by bankruptcy.
  4. Lower Tax Revenue: The recession’s impact on tax income can be seen clearly, affecting their capacity to support programs and services.

These are some of the impacts of a recession. Next, we will look at the impacts it has on HNIs.

Impacts Of The Coming Recession On HNIs 

 

Impacts Of The Coming Recession On HNIs 

Have you heard the saying, “The higher you rise, the harder it gets to stay there!” The same is the case with HNIs. Recession treats everyone equally. Be it poor, rich, or super-rich, recession affects everyone in some or the other way.  Like everyone, HNIs are also going to be affected by the recession risk. 

Here are some impacts of the recession of 2023 on UHNIs: 

  1. Market Volatility: Recessions can produce severe volatility in financial markets, reducing the value of UHNI assets. This can result in massive losses for UHNIs, particularly if they have a sizable portion of their wealth invested in equities, real estate, or other volatile asset classes.
  2. Income Reduction: A recession may reduce UHNIs’ income due to the impact of the downturn on their businesses or assets. This situation is especially difficult for UHNIs who are dependent on their income to maintain their wealth.
  3. The Inability To Obtain Credit: Since banks and other financial institutions may be more reluctant to lend during a recession, UHNIs may have difficulties obtaining credit. As a result, UHNIs may have difficulty making new investments or funding significant acquisitions.
  4. A Fall In Demand For Luxury Products: UHNIs’ revenue may be lowered due to the impacts of the economic meltdown impact on their businesses or assets. This is especially tough for ultra-high-net-worth individuals who rely on their income to maintain their wealth.

So, we have also looked at how a recession affects HNIs. Now, the question arises how we can lessen the impact that this upcoming recession will create? 

Ways to Combat Recession

 

Ways To Combat Recession

We can only predict recessions but cannot stop them. However, we can certainly mitigate our risks & losses and prepare ourselves in advance. Following are some ways in which you can combat a recession:  

  1. Strong Policies- We need robust policies and tactics that could stand against the coming recession. If this does not occur, we will most likely witness a predictable sequence of economic booms followed by inevitable crashes.
  2. Diversified Investment Portfolio- Diversified investment could be the best way to invest during an ongoing recession. We should opt for alternatives that have the ability to fight against the economic downturn & fulfill our financial needs even in the most uncertain times. 
  3. Hedge Funds- Some Hedge funds like Secvolt go for short-term trading strategies, which give them command over the market volatility. They can help you bear & fight against this recession by providing amazing risk management & mitigation tactics.
  4. Mindset- As they say, with the right mindset, you can conquer the world. The same is the case with a recession or any other economic crisis. You can easily enhance your portfolio during recessionary periods with a patient mindset and the right strategies. 

So, these are some ways in which you can combat recession. In the last section, let us look at how long this recession might persist. Also, let’s discover a hedge fund that has given amazing results during these turbulent times. 

The Bottom Line 

It is hard to forecast how severe or how long this recession will be. While not every recession might be as severe as the 2007-09 Great Recession, it certainly causes a lot of damage.

But we have also seen that there are alternatives like Secvolt that are a ray of hope in these dark times as well. With an amazing combination of AI & IQ, efficient strategies, risk mitigation & management systems, Secvolt has managed to generate record-breaking results in 2022 & continues to do so. The market might be highly volatile, especially during a recession, but with its effective short-term strategies, Secvolt has complete control over the clients’ portfolio movements. 

Thus, if you’re seeking a savior in this recession, this crypto hedge fund is there to save you!

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Ashish Verma

Ashish Verma is the founder and CTO of Secvolt, with close to 10 years of experience in the IT industry. He has been the technical backbone of the company and has worked tirelessly to make the technical infrastructure robust. He is a passionate entrepreneur who generates solutions that have the potential to bring change.

In order to ease the client’s interaction with Secvolt, he has strived to develop the business’s technological foundation and establish a user-friendly platform. Ashish has also contributed substantially to smoothening the company’s administration and ensuring that there are no lacunae in the broad structure of the organization. 

Early Years

Coming from a middle-class family, he was aware of the problems that people faced while using technology. He sought to create something that was simple to use yet had a powerful effect. As he studied computer science, he became eager to offer a solution to real issues. He began his professional career at Amdocs, where he gained expertise in client management while catering to more than 20 clients. Later, he moved to Citicorp, where he had exposure to the investment industry. His time at Amdocs and Citi enabled him to produce high-standard, efficient, and scalable technical infrastructure.

He left corporate jobs for his startup because he was passionate about working on the concept of a smart city platform. He expanded the concept internationally and even collaborated with Global Dignity-Kuwait. Things didn’t work out for him the first time. He states, “My failures didn’t stop me from experimenting and trying new things.” He rose from the ashes like a phoenix and founded FewerClicks, an End to End IT solution company.

He worked on the creation of Solster Finance, a decentralized financial platform based on the Solana blockchain. He created this platform single-handedly which has helped the team raise a $1M investment and a revenue of more than $5M within 6 months of launching. 

He has previously worked on many blockchain technologies and cryptocurrency ventures, which include Decentralized Finance Applications (Defi), Decentralized Applications (Dapps), File Contracts (SIA, record-keeper), Smart Contracts (rust, solidity), and NFT Development. His experience and effective communication have helped many team members understand Secvolt effectively and the underlying technology it is powered by.

He possesses the ideal combination of strategic thinking and excellent business insight. He is responsible for formulating technical aspects of the company’s strategy to guarantee alignment with business objectives. With his drive to experiment with new technologies, he has helped Secvolt achieve a competitive edge. Being in charge, Ashish never holds back in encouraging the different departments to make profitable use of technology, helping to grow as an unstoppable team at Secvolt!

Hanif Shaikh

Hanif Shaikh is the founder and CMO of Secvolt, with over 8 years of experience in the industry. He plays a crucial role when it comes to the growth of Secvolt. Since the beginning, he has acted as a mentor for each and every employee of the company, and he makes an effort to be accessible to his staff anytime they need him. 

Hanif first entered the Blockchain and Crypto world in 2016, and nothing has stopped him since. He views blockchain as a transparent platform that provides authority and accountability back to the people. He consistently believes that “overcommunication is better than miscommunication.” He has lived by this motto with his staff, clients, and networks.

Early Years

Hailing from Gujrat, a state in India, he is following his dream to contribute to making this world a better place. In the process, he has struggled, made some mistakes, and learned lessons from those mistakes to achieve success in life. His entrepreneurial attitude dates back to his childhood when he learned from his father’s business and aspired to have it all. He came from a humble background and had ambitions to succeed in life.

He has developed two successful businesses from scratch, and in the process, he has inspired young people to start their own businesses. He was an integral part of the Quora Mumbai Meetups and helped it become a great success in a short period of time. Later, he began organizing meetups to raise awareness about blockchain, cryptocurrencies, and their applications. He also shared his knowledge of ICOs, highlighted reputable ICOs, and established a small cryptocurrency community on WhatsApp groups.

He chose to go on a Blockchain Tour in India in 2019 and met some fascinating people. Throughout his journey, he has been able to build an extensive and robust network that has aided Secvolt’s growth. Because of his expertise and understanding of the Crypto Industry, he has been featured on several news channels and has advised the youth on the subject.

He is in charge of the company’s marketing operations and is responsible for developing its marketing strategy and vision. He oversees a group of passionate marketing professionals and plans promotional strategies with the goal of making  Secvolt a global brand. 

He is a perfect blend of a practical attitude and innovative business acumen. He believes in the ability of individuals to perform exceptionally well when given an environment to experiment and explore their passions; a culture that he has built at Secvolt.

Divakar Choudhary

Divakar Choudhary is the founder and CEO of Secvolt who has been trading for more than six years now. He started the business in 2018 with the conviction that if anybody could dominate the market, it was him. He poured all of himself into the business and turned Secvolt into a market-beating machine.

Divakar developed the fundamental quant models that perform risk management and capture alpha using his skills from the previous organization and his time spent in the market. In order to make the system effective, he backtested risk mitigation algorithms and worked on them for more than 4 years to produce results.

Early Years

He began his crypto journey in 2013 after getting his first gaming Laptop and melded in with the Blockchain community like sunbeams on the ocean. He created many YouTube channels at the age of 15 and businesses by the time he was 17. Technology has always piqued Divakar’s interest. He endeavored and succeeded at freelancing in his effort to achieve financial independence. However, he soon realized that freelancing would always keep him in the rat race, and the only way out would be to build a machine yielding generational wealth.

Soon, he started trading using his own capital but suffered a loss in the market. He says, “95% of people lose money & the rest 5% make money from the loss of those 95%.” He then began working on an effective technique to be included in this 5% after losing part of his own assets during the early stages of trading. He began evaluating quant strategies using statistical models.

With his methodology, he once produced a 20% ROI in a single month. With the zeal of creating something exceptional, he borrowed money from friends and family and generated decent returns for them using primitive quant models. Month after month, the system’s efficiency and the competence of the man behind it allowed for excellent market returns.

In the beginning, Divakar worked on his laptop for over 18 hours. It took every ounce of his energy as he executed about 530+ deals daily for 4 years to create this company from the ground up. In 2021, he increased his volume by 827%, trading a total of $52 million and hitting a single account.

In his words-

“What does becoming “THAT” GUY mean to you? Who did you need when you were young? Be that person!”

He is a perfect example of someone who followed his passion and made a fortune from it! He dreamt of creating generational wealth as a youngster, envisioned it as an adult, and is now making it a reality with Secvolt!