Recession: the most heard and spoken about term right now.

I believe recession is the time where companies are at their lowest. Lay offs and downsizing are the key ingredients when a company is faced with recession problems. Industries like export of local arts and miscellaneous things are the ones who get hit the most. Basic commodities are somehow unscathed due to their nature.

It is something that has affected the world economy a lot. It was started by some financial institutions. In USA many Banks and financial institutions etc gave loans in very cheap interest to people . There were various loans like home lone,personal loan, credit cards with high limits etc. Many people took loans that they never could repay. So all these came crashing and many were bankrupt. It affected financial but if you see, there are many other things associated. So all industries are affected.

It is a horrible time the next industry to bite the dust in England is the car industry which is in melt down,we saw a couple of cars that are very cheap compared to what they used to be ,but to much to take on at the moment.Clothing shops are shutting all over the place,empty shop premises all over our local town,it is like a ghost town.You are right about the economic state everything is in melt down.Our countries are being kept afloat by printing money.My husbands drives for a supermarket so hopefully everyone will eat even if they do it on the cheap.It is not very nice at the moment and they say it is going to get worse.xxxx

Recession is also depression for me.. but in our country they say that were all affected in the current situation, i feel that im affected in many ways.. But based on my obeservation in our country, not all people feels the recession, when i walk in the mall, i saw many people buying differents stuff, high tect gadgets and I think they dont feel the economic crisis nowadays..Huhuhuhuhuh.. i hope sooner or later this will end up, I want to enjoy my first job, but how can i enjoy with this crisis???? I need to save money for tommorrow.

There's up and down cycle in the economy. Technically for every up cycle, you would expect the down cycle to follow the up cycle. But people are not always rational, they over-spend in up cycle (boom time) and has not enough savings to support them in down cycle. In a recession, fear is the driving emotion behind all the negative reports that we read and all the negative words spoken. Those still working fear retrenchment, those already jobless fear their ability to secure a job.

The syndrome of the recession term abaut economic is unemployerment,low consume for commodities,low wages. banks now are affecting badly,so as to the manufacturing business.and most worst is the export conpany,they must face the trade protection.more and more contries make the measures for protect domestic goods.everyone knows the trade protection is bad for the development of ecnomic,but they are no choices.it is the short term measure.for the long time,every contry want to open.

In economics, the term recession describes the reduction of a country's gross domestic product (GDP) for at least two quarters. The usual dictionary definition is "a period of reduced economic activity", a business cycle contraction. all the sectors are being affected gradually but i think the diamond industries were first to be affected followed by the IT industry.

no it does not mean that, a complete washout of a countries economy is a depression not a recession, a recession just means that the economy is slow, it is not moving fast and buying and selling as it should be. When that happens people also loose a lot of jobs, recessions come and go, some are not so serious and the economy gets back on its feet in a short time, some are more serious, and are long and people are not happy, and some are so bad, they can't get the economy to bounce back and then it goes into a real depression.

Recession is the most often spoken and heard term for now. Everyone is talking about the term recession. Is it really eating everyone’s head. Are we actually affected by it or is it just a ho hum. I haven’t experienced any changes in my lifestyle after the recession setting in the market. I still go out for movies, have fun with my family etc.

I'm sure others will comment on this. Recession means to pull back from and that means everything slows down. Depression means collapse of the county's economic structure. Countries come back from this but it can take many years. Ours has not reached this and doesn't look like it will. But I'm getting cramps in my fingers and toes from crossing them for good luck.

I see a funny side of recession too! The govt is saying that the interest rates are at their lowest but the banks are not giving loans. So, that means banks scared of company becoming bankrupt. The other thing is that even if the interest rates are down, inflation rate is going down too! Yesterday Indian inflation rate gone down upto 0.44%. I have never seen that rate in my life(I am 27, still a good old age!LOL). Now, I can't see any change in my daily products price. Rice is as high priced as it was in last year, pulse is at even more high position from last year. These two things shows that people grabbing money in their pocket, instead of spreading into the market!

To me a recession is the economic downturn of a country or countries. With global markets, what affects one country, affects many countries, as it's doing now. Economists may point to several causes, but to me underlying all the reasons combined, comes down to greed. When the profits are taken out of companies and handed to a few people, it creates hardships for everyone. A complete washout of economic structure would be a depression. A recession could easily turn into a depression if steps are not taken to quickly improve the economy. I think the markets most effected are banking and real estate. With job loss, people are unable to pay back loans, and certainly can't afford to buy homes. Many homes have been foreclosed on by the banks, and now they can't sell them either. How are you doing? Are you feeling the effects of recession there? Are you liking your new home better yet? I was wondering how you were doing...

Well I think the Banks are facing the highest effects on the recession. This all started because banks were lending money with very low interests and with no guarantee. So people were not paying back their loans , so banks conficated houses but has no liquid money to work with.

Frankly they keep saying recession, and then they say that things are as bad as the depression in the 30's. I would say with all the bailouts, etc., that they don't want to panic the country anymore than it already is panicking. I believe we are in a depression and not recession. I think all the industries are showing signs of major weakening. The auto businesses and companies we are all more aware of. I think all stems from greed and the markets all of the world.

Not really sure. People don't have that much money for anything, these days. My husband and I are both on a fixed income, and live in a very small apartment, so between our two small incomes, we do alright in here. Heck, if I can do alright in here on my own, there's no reason why the two of us can't do great!!

Yes it is really the most discussed term right now. It is all because recession is directly affecting all of us in one or another way. It is not limited to any particular geographical area but it has globalised itself like economy was globalised in the age of Reagon and Thatcher. No, recession does not mean the complete washout of the economic structure of a country. The exact term for this recession may also be credit crunch. The problem is banks lost faith on one another and also banks are thinking more before giving lone to an individual. A market economy can not sustain this type of structure. Then again the government sector has not been than much affected at least in major developing country like India. So it can not be said that the Recession will wash out the economic structure of a country. It all comes from the subprime crisis in the US. The realty boom in the US, just like the IT boom in 1999, allowed many banks to give loan without checking the credentials of the customers. Economy feels a bit slowdown and people who took loan were unable to repay it and consequently, the bank took the home. However, the price of home fall a lot and bank lost. There are many complex structure in the modern financial system and it all allowed to create a chain reaction. Credit was unavailable after some time and then it overflowed to other sectors. Hope you got the point. Thanks.