Recession started in US. Will recovery start from US too?

India
October 14, 2009 2:22pm CST
Today the world economy is facing the great recession.Many people have lost their jobs and many are on the verge of loosing jobs. Even the countries like India and China, who were having very high GDP growth rate, are struggling now. This Global Economic Crisis started in United States and started spreading in other countries. Now whole world is facing it. But now there are hopes that world economy is coming out of this recession. But United States is still struggling with the economic crisis and US dollar is also weakening. I think as this recession started from United States, the recovery will also start from United States. What you think?
1 response
cher913
@cher913 (25782)
• Canada
14 Oct 09
well, here in Canada, the recession hasnt been as bad as it was in the US but i have heard that the recession is on its way out (we can only hope because hubby lost his job in August as well).
dsnachiever
@dsnachiever (250)
• India
16 Oct 09
Yes may be the impact is not that bad there in Canada but all the countries are affected in some way.