Saturday, October 24, 2009

Recession Over???

The last one and a half year has been like hell for every one. The economy of the entire world slowed down drastically forcing organizations to cut jobs and sending the economy in a downward spiral.

Some of the most common questions these days are: Is recession coming to and end? Is economy showing an improvement? Has the employment rate recovered? Recession is generally described as "a period of economic decline". Lets find out some signs which show that recession is coming to an end.
  • A survey of 44 professional forecasters released by the National Association for Business Economics USA, also known as the NABE, found that 80 percent of the respondents believed the economy was growing again after four straight quarters of declines. 
  • The latest government data on Monday showed the economy growing by 6.1% year-on-year during the first quarter (April-June) of the fiscal the fastest for any quarter since the global financial crisis began almost a year ago making officials expect 6.5% growth this year making India the second-fastest growing major economy after China, which notched almost an 8% growth rate. More importantly, it's an improvement over the 5.8% notched up by India in the previous quarter and 5.3% recorded in the quarter before that. see this video: 

  • FIIs are coming back!
Let's hope these signs result in an end to the recession.


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