The Ripple Effect of Economic Turbulences

Since the COVID-19 outbreak, the rate of global economic development has slowed. This has not only impacted the economy but also left a lasting imprint on the state of our minds. We have multiple data sources that validate how we have become so emotionally weak and how this has impacted our sanity. The economic crisis undoubtedly had a detrimental impact on people, leading to unhealthy and dangerous coping mechanisms to handle the increased pressures. But therapists and psychologists can provide various forms of support and interventions to help individuals navigate these challenges:

Some typical coping techniques used by people under?stress are as follows:

·?Alcohol and drug abuse are common during economic hardships, leading to relapse and worsening mental health issues.

·?Suicide is also a common solution for those overwhelmed by unemployment and financial stress.

·?Emotional withdrawal can result from guilt and poor self-esteem, leading to social withdrawal and isolation.

Awareness-building and accessible psychological and emotional well-being are crucial during these challenging times.

Psychological research aims to identify coping strategies during economic crises. We, at Kaleidoscope, offer therapies and support systems for individuals to express emotions, develop coping strategies, and improve cognitive restructuring. Our psychologists help clients maintain and strengthen social support networks to manage unemployment challenges. They offer guidance on job search skills, career exploration, and engaging in meaningful activities, such as engaging in hobbies, to boost confidence and increase chances of finding new employment. Behavioral activation techniques can also be used to promote well-being and engage in enjoyable activities.