Do you think Global economy will revive again?
By subha12
@subha12 (18441)
India
October 19, 2008 4:28am CST
Its hotrrible time in the global economy. First it was inflation now its recession. many banks are falling, jobs are lost. it is tension time for all. in this troubled time, do you think Global economy will ever revive? will it take more time or less according to you?
2 people like this
12 responses
@rkrish (3003)
• India
20 Oct 08
hup i am too get locked in this inflation and recession now in US, i believe this crash will long for atleast 6 months to get revive again but with a slower pace of time, major hits for those who have taken loans on mortages where others can atleast survive in front
1 person likes this
@mimpi1911 (25464)
• India
20 Oct 08
What goes up must come down and vice versa. It will certainly revive but may take some years. It's an uphill task to be done carefully this time. I think, the reckless capitalism would subside a little bit. It would be humanised to a great extent. Socialism would gain hold in some parts of the world. And most importantly, people will be careful and wiser in fund management.
Its not a good time, but I am sure we will come out of it. We have to be brave and judicious.
Thanks.
@4mymak (1793)
• Malaysia
20 Oct 08
i guess the global economy will revive somehow...
some of the stronger powers (europe/japan) may face some slowdown.. but i guess they will be able to make the turn-around probably quicker than others..
and most countries have gone through these problems before, so i guess we all have learnt something and are much more better prepared.... hopefully...
@williamjisir (22819)
• China
20 Oct 08
Hello subhal. I think that global economy will revive in a few years, but not so soon. But I hope that it can be fixed as soon as possible.
@bargaingirl (844)
• United States
20 Oct 08
I sure hope so. But I don't think it will be in the very near future. Hopefully in 2-3 years.
@ronaldinu (12422)
• Malta
19 Oct 08
I am no economist but I believe that life is like a wave sometimes you are surfing upon it sometimes you are under it. I really hope that the international economy recovers because if not so many people will suffer in the world. © ronaldinu 2008
@positiveminded1977 (7072)
• India
19 Oct 08
I guess it will revive. It has to, hasn't it? Life always has these ups and downs. And if there is a down, there has to be an up. It is just a matter of time.
Cheers and happy mylotting
@jillhill (37354)
• United States
20 Oct 08
There is a pattern that every seven years something like this happens...maybe only in moderation but usually the stock market etc. takes a dip. It helps get things back on track....weeds out some of the bad practices and brings prices back down. Yes...it will revive.....it will take a little time though.
@stargroup29 (339)
• India
19 Oct 08
ya i hope the global economy will grow again during a minimum time. I think US is collapsed by this bad situation. as a Indian i want to see a old status like the very pretty world market. this is safe to all countries, especially growing countries. Happy posting!
@tapnaroy12 (875)
• India
19 Oct 08
Hi
Yes, I'm hopeful. Let American Election to be completed, you'll find a significant change. But recession may continue for longer period of time. Remember America invested or wasted huge amount of money and manpower in Iraq and afganisthan. So the world economy must face the bounce of those actions. Recession will reduce consumerism and as a result savings will go up. If that happens, you can expect a rather quick recovery.