Vassilis Milionis predicts that the global recession will happen in 2020. Investors have to be ready to keep their money safe.
Vassilis Milionis, one of the successful entrepreneurs from Greek, predicts the global recession in 2020. The idea of this prediction is to help investors to get trusted information. The information about global finance leads them to make a wise investment decision. They can decide whether they have to invest or not. They can also choose the best sectors to invest in if they can do it. Vassilis Milionis explained, "2020 is a hard year for people around the world, including business owners and investors. Too bad, so many businesses have to fail into bankruptcy. Economic across the globe is also falling. Everything is because of the global epidemic."
The global recession is closing to reality due to the bad condition. A lot of employees lose their jobs. As a result, they have difficulty paying their debts. Based on the condition, it seems that the global recession will happen next year. This recession hits hospitality sectors such as hotels, villas, and apartments. Mr. Vasilis Milionis explained, "We can't doubt that the economic condition is bad this year. Travel warnings from many countries take down the economy significantly. People are not allowed to travel abroad temporarily. Indeed, it gives a significant impact on the hospitality sectors. If no one reserves the rooms, there will be no income."
The central banks' help gives a great solution for business owners to develop their business back, although they can't bring the business into a normal condition. Central banks have delivered trillions of dollars of liquidity, and it pumps the global economy. Indeed, there is still an alternative to reduce losses in this global recession. Mr. Vasilis Milionis stated, "Indeed, it doesn't mean that we have to give up because of the condition. We still have to find an opportunity in this difficulty. One of the alternatives investors can do is moving their money away from stocks. They can invest in different types of investment instruments such as metals. This simple trick can keep the value of the money. Investors can move it back into stocks or other investment instruments when the condition is getting better."
Mr. Milionis wants to say through his prediction that investors have to be ready in any condition. The most important thing is that they know how to keep their investment safe, especially in a bad economic condition. As a result, they can still get profit from their investment and not lose all the money.
About Vassilis Milionis:
Vassilis Milionis is a professional entrepreneur from Greek. He is also a property investor. He invests his money on a Filla Estate Development LTD. It focuses on developing luxury real estate.