What to do now to protect your finances in the event of a recession

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What to do now to protect your finances in the event of a recession
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With growing fears of a recession after the worst trading day of 2019 on Wall Street, here's what you need to know about how to protect your money.

With growing fears of a recession after the worst trading day of 2019 on Wall Street, here's what you need to know about how to protect your money.

While a recession is difficult to predict, Jarvis said the trade war with China and impending tariffs could make a number of goods more expensive, with consumers, producers -- or both -- absorbing costs. In many cases, consumers would absorb the additional cost on goods coming from China on products including apparel and electronics.It's still hard to know if a recession will occur, and experts have advised against any drastic moves. Focus, instead, on your financial well-being.

Other potentially bad news that fueled the drop in U.S. markets was that Germany's economy shrank 0.1% in the second quarter as exports declined.

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