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A recession can lead to a more favorable business environment for those who remain operational. With increased layoffs, the cost of hiring drops significantly, providing businesses with an opportunity to operate leaner and more efficiently.
Offshore Wealth Protection
To protect their wealth from government inflation and economic turmoil, many affluent individuals shift their assets to tax havens or invest in physical assets like gold. By diversifying currency and acquiring stable investments, they can safeguard their money from potential devaluation.