The Forbes article goes over how there is likely going to be a recession in the future, but that this will not be coming very soon and likely will take time. Through the article it focuses on the fact that a recession could be avoided but it is very unlikely, and that only policy actions can deter one but it would worsen the rate of inflation. Another part of the article focuses on monetary tightening and that it works through two different channels one of them being higher interest rates stiffing different businesses, and the second being a decline in demand will lower income of people who work in interest-sensitive sectors. The article then wraps up by giving advice on how to prepare for a recession so that businesses are prepared for when it does happen.
In chapter five we learned about preparing for a downturn, and a recession. In the Forbes article it speaks about preparing for a recession and specifically in this chapter it went over steps on how to plan for a recession. Focusing on a contingency plan as the main step as something to do to plan for a potential recession. A contingency plan is planned out to think ahead of time to be able to create a stronger amount of flexibility in a business so that when a recession eventually does come that the company is prepared to make decisions that will allow them to progress without losing as much money and risking going under.