In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending, often following an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation. In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP". In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months. In the United States, the Business Cycle...
Neha Singh started the Discussion
on Nov 26, 2013 , 04:19 pm
Surrounded by cheapos
Because of recession, so many ppl have become desperate that they r ready to exploit n prostitute themselves..I am sick n tired of male n female hookers who r good for nothing, but they may actually be v good at their jobs. Have u met such idiots, more »
Indian PM Manmohan Singh might be a great economist but I don't have any faith in him. Now that he has said that there is "no chance" of India going back to the economic situation of 1991 with the drastic downfall of rupee, I'm suddenly more »
Neelam Nath updated the Blog
on Sep 09, 2013 , 07:03 pm
Ganesh Chaturthi Celebrations have Started Today,Entire Mumbai is having Ganesha Pandals.
We all need to Remember our Gods ,for a day ,for a week ,fortnight or keep fasts for a Month. Today I was watching NDTV news ,entire Mumbai is having Pandals ,Blocking Roads, People are Visiting from one End of City to another, competing with Each other ,who has Visited Maximum Pandals, and this is the generation in their 20s-30s. Wonder was it a Holiday ,will there be holidays for 9 more days , People will Not go to Work ,when India is Facing Recession , Rupee is Low , Imports are High and more »
Inflation is at an all-time high in India. Prices are going up, and salaries are taking a major hit. There are no jobs in the market. It seems as if recession has finally come to India as well! So how do we get out of this rut? The financial crunch more »
PLACEMENT OR PUNISHMENT? Of late joining a company as a fresher has become a source of depression It is presumed that only 30% of the hordes of MBA grads that pass each year are recruit able or PLACEMENT worthy. But then is it ethical on the part more »
Neha Singh started the Discussion
on May 12, 2013 , 09:23 pm
How to make an income in the recession?
I just read an article of the US that Arts PGs n PHDs have no value. The best fields are enggrring. computers, medicine and accounts. There was not a SINGLE job for Arts students..It is also v tuff to start a business that works bec all ppl advice more »
Anjum Seth posted the Blog
on May 08, 2013 , 12:51 pm
Losing a job is not the end of the world
Losing a job unexpectedly is like losing a loved one. It feels as if someone close to you has died. It brings about new sets of fear, the fear of ‘what next’. The insecurity that stems after a job-loss is incredible. But why do we let ourselves get bogged down by so much of negativity? It was just a job after all right? Well, if only we could think like that, the visits to our psychiatrists would literally end. Sigh! Last week was a very harrowing and depressing week for my friend. She w more »
Hemendra Parmar posted the Blog
on Mar 07, 2013 , 12:07 pm
MarketResearchReports.biz Publishes Global and China Titanium Industry Report 2012
Currently, the United States, Japan, Russia and China are the worlds leading producers and consumers of titanium. However, due to the different levels of industrial development, there exist some variations in the field of titanium consumption. Among them, approximately 60% of titanium in the US and Europe is utilized in the aerospace field; about 90% of Japanese titanium is applied in the industrial sector, while in China, 55% in the chemical field and 8.3% in the aerospace arena. To more »