‘Global Recession’ in the Offing : Deliberating on Proactive Measures

With supranational organisations and global think tanks predicting global recession in wake of the COVID-affected era and the Ukraine war, it has become a high time that organisation leaders and managers throw down their gauntlets to face the potential challenges of the recession to their businesses. As uncertainty has remained high and more economic shocks are likely, it can result in high debt levels and liquidity concerns that can amplify the rapid and disorderly repricing of assets on financial markets. It is likely to exacerbate the global economic performance. Hence, if we were to go by these economic indicators and predictions, we would find that global recession was most likely. Therefore, organisation leaders and managers have an uphill task before them in sustaining their business. The issue of handling global economy and recession is highly critical and falls under the jurisdiction of national governments at the macro and supranational levels. This write-up discusses concerted steps which various policymakers in countries throughout the world should initiate for making them proactive in nature