How long will recession last for? Since USA GDP Q4 contracted by 6.2 are we heading towards depression? Despite stimulas packages Economy is still not recouping.
Good for economy? Working as CEO of an SME I have realized one fact that recession is not that bad for economy in long term as it generates more opportunities for medium sized organizations as large organizations fall, creating more jobs and adding to the health of the economy. I think recession will be over by sep-oct this year (2009) as far Indian economy is concerned, there are signs of recovery already visible. India is a land of entrepreneurs, God bless India!.
Actually India is the least affected country in the world by this recession but all compnies and emplyers are getting benefit of this situation in terms of salary reduction, employees cut off, no bonus, no salary hikes........cut , cut and cut only........otherwise you observe in your sorrounding society, how many have changed their lifestyle due to this recession.........moreover most of the Indian business and economy is based on black money and this black money has no effect of recession........little bit typical to understand
How long will recession last? The recession has already packed its bag and is slowly moving away, but still there is a little slow down which will be recovered very soon. Now Indian currency symbol is also gaining value in the market and again the recent visit of Obama is showing brighter images that one’s again there will be hot markets and better economic circulations. Already the job market has started to sizzle and possibly within another few months the things will be back to normal.
