Anyone think that another recession might come?
By madugulagopi
@madugulagopi (1093)
India
January 8, 2012 10:29am CST
Hi All,
I dont know if this is the right place to post this. But does anyone think that there is a chance for another recession to come? If so what do you think would be the effect of it? Will it be a complete collapse of the World's economy?
2 responses
@webearn99 (1742)
• India
9 Jan 12
We do not need another recession for a complete collapse of the world economy, if the world does not cut wasteful spending, and invest in productivity, this one will do the job.
The upside is that the economy is in such a deep hole that there is no way except up.
1 person likes this
@madugulagopi (1093)
• India
9 Jan 12
Yes you right. The World economy today is in utter shambles. But I dont see anyone trying to uplift it or any reforms that would help the economy to stabilize.
@maishaybrown (276)
• United States
8 Jan 12
Hi, I am feeling like it is very likely. I don't follow the news like I should but the way that things are going now, I would bet that it would happen.
