Do you believe the economic recession is almost done with ?
@jitendrakbharai (32)
India
November 4, 2009 10:22pm CST
Hi,
How has the credit crunch really hit you? Are you currently unemployed?Do you believe that the economic recession is almost over especially in USA?
I believe the worst is over and gradually the picture will now improve.Latest figures seem to suggest that the rate of "jobs lost" is decreasing and consumer spending is beginning to increase.Some countries like Germany,France and Australia have even indicated that they are officially out of the recession.
So what is your take on this?Lets have some opinions and first hand experiences.
1 response
@kush20006 (515)
• India
5 Nov 09
recession has not come for all the persons ecession is for those person who were employed as a result of excess of money in the market and not beccause of the demand of workforce this created A VACCUM INMARKET WHICH FORCED IT BOOM BUT WHEN THE MONEY IN THE MARKET LOST THE JOBS WERE LOST
now again concept is same to increase jobs and reduce lay off increase money in market
as money will increase job will increase but with increase in money value of money will decrease thus inflation will occur this inflation will cause poorer to suffer and richer go richer
thus further creating inequality which is difficult to remove
this means recession is always there just it doesnt appear infront of our eyes that prominently
