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Discussion on: How are you preparing for the recession?

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Evaldas Buinauskas • Edited

What you have said is really exaggerated, not most industries and markets are falling.

Some businesses will bankrupt, that's true, but others will operate just fine, others are changing their direction and doing better than before COVID-19, for instance there are way more food delivery services and they are hiring more people to adapt to demand (people that lost jobs), more people are needed to manage logistics, shipping, warehouses due to increased online shopping. Companies that manufacture clothes are now doing masks, costumes and they have increased shifts because of high demand. I can name more examples where people are not losing, but rather changing their jobs right now.

I do not think that IT will change that much, it's a universal domain. I can imagine more e-commerce jobs opening, I also believe we'll see more of something probably branded MedTech.

Also - US, EU, probably China as well are throwing massive money to stimulate economy health.