The second Great Depression is set to arrive at the turn of the decade, and ITR Economics has been helping businesses and individuals prepare for the 2030s for many years already. This depression, given that it will be one of the most significant economic downturns, will alter the way today’s generations think, act, and feel for the rest of their lives. While the journey through the next decade could be a long and bumpy one, there will still be a light at the end of the tunnel. With this economic decline set to define the decade, just when will the 2030s Great Depression end?
How Will We Know the 2030s Great Depression Is Over?
There will not be one definitive moment at which time the economy will switch to a recovery phase. In order to spot the true end of the second Great Depression, ITR Economics will be closely tracking several of its own trustworthy global and domestic leading indicators to identify when they start to show rise. These indicators include several factors; we will be paying close attention to consumption, retail sales, housing starts, new technologies, and so much more.
Based on what we know at this time, the next Great Depression will begin in 2030 and end mid-2036. This economic downturn, rather than being a steady decline, will be more akin to bouncing down a hill.
Between 2030 and 2036, there will be a few slight signs of growth. At these moments, there will likely be a lot of positive noise in the media, or even possibly from the government, claiming that the decline is over. However, these signs of growth will be false signals along the bumpy road of decline.
One unfortunate consequence of these false signals is that they might utterly crush morale for many individuals hoping for a true sign of recovery. This could make it harder for many to believe anything they see and hear as this period continues.
The best way to feel confident again in what you are hearing is to be comfortable with who you are listening to. Be it an expert economist at ITR Economics or someone else, inquire about or research their track record on significant events such as the Great Recession or the post-COVID recovery. This will help provide insight into whether this person or institution is worth listening to.
[ Further Reading: Can the 2030s Great Depression Be Prevented? ]
ITR Economics prides itself on its forecast accuracy and, as an independent economic consulting firm, you can rest assured that our insights will always be unbiased, apolitical, and fully data driven.
The 2030s Great Depression could be a difficult time for those who are unprepared, but it could also be a fantastic opportunity for those who know what to look for. ITR Economics is here to help you prepare for the future and ensure that you know how to best capitalize on the growth that follows the decline.
