Is it the 6th Kondratieff wave?

The second Page 6 Grinin and Grinin • The Sixth Kondratieff Wave 341 phase is proceeding now and will last till the early 2030s. The third phase is likely to begin approximately in the 2030s or the 2040s. At this particular time the final phase of the Cy- bernetic Revolution should start.

How many Kondratieff Waves have there been since the industrial revolution?

Since the 18th century, economists have identified five Kondratieff Waves, with the first wave occurring during the invention of the steam engine and lasting from 1780 to 1830.

What qualifies as a recession?

Experts declare a recession when a nation’s economy experiences negative gross domestic product (GDP), rising levels of unemployment, falling retail sales, and contracting measures of income and manufacturing for an extended period of time.

How long does a recession usually last?

about 11 months
The good news is that recessions generally haven’t been very long. Our analysis of 10 cycles since 1950 shows that recessions have lasted between eight and 18 months, with the average spanning about 11 months. For those directly affected by job loss or business closures, that can feel like an eternity.

What is the best business to be in during a recession?

What businesses do well in a recession? Businesses that thrive in recession are usually in essential services, like health care, senior services, grocery stores and maintenance such as plumbing and electrical.

How do you make money during a recession?

5 Things to Invest in When a Recession Hits

  1. Seek Out Core Sector Stocks. During a recession, you might be inclined to give up on stocks, but experts say it’s best not to flee equities completely.
  2. Focus on Reliable Dividend Stocks.
  3. Consider Buying Real Estate.
  4. Purchase Precious Metal Investments.
  5. “Invest” in Yourself.