“THE WORST IS OVER.” REALLY?

A new economic phrase has been bandied about by research houses in many economies, albeit subtly. Many of the experts in these research houses “expect the worst is over” for their countries’ bleak economic performance and future scenario. But the worst just keeps getting better.

Some countries are adopting an insular approach as they want to protect their respective currencies, their national interests and their borders against encroachments by refugees fleeing from other lands. Worst, some countries are tearing trade pacts meant to improve their citizens’ livelihood. All these happenings have an effect on the world’s economy.

Is the worst really over or is it just the beginning of the worst?

During these tumultuous times on the global economic front, a country may be forced to go it alone as policymakers from various developed countries will put their citizens’ benefits first and foremost at the expense of the benefits for people in the third-world economies.

Sentiments are powerful. They can make or break people.

Sentiments concerning a country’s economy among its population are even more powerful. They can make or break the country, economically and financially. In addition, negative sentiments about the economy, if they are allowed to fester for a period of time, can eventually break the will of a people, who are desperately making ends meet.

In order to maintain positive sentiments about the economy of a country, experts in the research houses, economists and policymakers constantly harangue its population on how good that economy is performing even though the country is drowning, economically. Hence, the phrase “expect the worst is over” is perennially played to minimise the level of panic and fear among citizens of any country.

Unfortunately, the citizens become more panic-stricken when they hear that “the worst is over” as the economic environment, internal and external, unfolding right before their eyes tells a different story. As a result, the citizens become jittery about the actual situation pertaining to their countries’ economic status because the global business environment keeps fluctuating without showing any signs of consistency. It is like sitting on a see-saw – swing up and down, swing up and down, swing up and down, etc.

Let’s hear what the experts in the research houses, the economists and the policymakers have to say then.

“The worst is here”?

WHAT IS THE ‘NEW NORMAL’?

World markets are abuzz with events not only extraordinary but also catchy. It is extraordinary as economic events aren’t following the path of growth experienced previously. It is catchy as new words, phrases or clauses are being introduced to describe the economically depressing times.

There’s a new catchy phrase being thrown about now – the ‘new normal’. What is the ‘new normal’ anyway? I have never heard of it before and read it in books on economics. Well, that’s something NEW. Ain’t that something.

Economists and business players are using catchy words, phrases or clauses to portray to the layman that things as well as events will work out fine on the economic and business fronts, in time.

What if things, events and circumstances don’t work out as intended or planned much earlier? What if the ‘new normal’ turns ABNORMAL? What are the economists and business players going to say then? Will they introduce a new catchy phrase – the ‘new abnormal’?

I’m just trying to be brutally honest here. Since July 2014, happenings on the economic front have become harsher and harsher around the world. It looks like a great spanner has been thrown into the works of the world’s economy. And it looks like the spanner is stuck very hard right in the middle of the wheel. No matter how hard economies around the world try to dislodge the spanner stuck in the wheel, it remains stuck threatening to disrupt terribly the economies on all fronts.

Can you also imagine the thoughts and feelings of a person stuck in the middle of a quicksand? Get the message, huh?

Anyway, these new catchy words, phrases or clauses can be quite handy for an English trainer like me. I would loveeee to see how the trainees react to such catchy adjectives. That’s one PART OF SPEECH that will haunt them in the coming days, months and years, economically.

I’m just being brutally honest. Ain’t that something.