According to a report by the World Bank, the world economy has entered a dangerous
period. Some of the financial turmoil in Europe has spread to developing and
other high-income countries, which until earlier had been unaffected. This
contagion has pushed up borrowing costs in many parts of the world, and pushed
down stock markets, while capital flows to developing countries have fallen
sharply. Europe appears to have entered a recession. At the same time, growth in
several major developing countries (Brazil, India and, to a lesser extent,
Russia, South Africa and Turkey) is significantly slower than it was earlier in
the recovery, mainly reflecting policy tightening initiated in late 2010 and
early 2011 in order to combat rising inflationary pressures. As a result, and
despite a strengthening of activity in the United States and Japan, global
growth and world trade have slowed sharply.
The economic outlook in 2012 is gloom and doom and
to make matter worse it is predicted that the world will end on December 21, 2012.
How do you cope with such a depressing and volatile
situation which is looming large? There are 5 effective ways to deal with it:
1. Stay
positive: It means you will deal with such harsh situation confidently. You will
resolve and determine to overcome the difficulties that lie ahead of you no
matter what. It is wise not to worry too much of the future but to focus on
what you can do now to soften the blow of the bleak economic outlook. Be courageous to persevere and continue to do
the right things.
2. Harness
your strengths: Pay attention to your strengths and sharpen your skills.
Continue to develop and excel in what you do best. This is one effective way to
be outstanding and ahead of others.
Our studies indicate that people who do have the
opportunity to focus on their strengths every day are six times as likely to be
engaged in their jobs and more than three times as likely to report having an
excellent quality of life in general. ~Tom Rath and Markus Buckingham
3. Meeting
challenges: Be prepared to accept and overcome a tough time in advance. Be
resourceful and creative and be ready to turn the situation to your advantage.
Tough
Times Never Last But Tough People Do. ~ Dr Robert Schuller
4. Plan
ahead and get organized: In a turbulent time, it is wise to stay cool, calm and
collected. To do that you need to plan ahead and be organized. Know what to do on a daily basis and stay
focused to do the tasks at hand.
Planning is bringing the future into the present so that you can do something about it now. ~Alan Lakein
5. Stay
sharp, alert and energetic: To be on top of thing is to stay physically and
mentally fit. Exercise daily, eat nutritiously, sleep sufficiently and drink
water through the day. This is the way to stay fresh, alert and full of energy
to face problems in life.
What else can you do to meet the challenging time
ahead of us?
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