[zriha]

First, incoming recession is happening right now, so there is no dilemma, will it happen.

Second, let me answer your questions:

- What do you anticipate?

It depends on geopolitical situation, if Ukraine become a crisis center, it will be much worst for us in the Europe (I live in Croatia, EU member state). We are small 3rd world country in Europe, heavily depending on others recourse, so the first strike will be LNG prices, and yes, gasoline prices.

So, I anticipate chaos.

- Do you have plans incase you get laid off?

I have some savings, I can survive until the end of this year with no income and selling my car. Plan is to work whatever is needed to survive.

- Savings? If so for how long?

As I said, I always have at least 1 year in advance for surviving. Spending side is also adjusted to the income side.

- Are you sitting on an inflation hedge?

I would say.

- What business plans may thrive in a recession?

Any plan that finds the sweet spot of USP. I am economist, not a dev, so, for your business to survive in times of recession, sometimes a good plan is to do the opposite, if you can, this can be a investment for the future.

For example, car prices are going high, and you are selling used cars. You know people are getting less for their money, so you have a whole lot of cars siting in the yard, not selling. You could easily drop your maring to bear minimum, just to start selling, and you start driving revenue. What is here much more important, if all in your industry, start to rise prices, if start lowering, you will win on the market.