Volume : II, Issue : II, November - 2012

Global Recessions: Opportunity and Challenges

Amul Kotadia

Abstract :

A global recession is a period of global economic slowdown. The International Monetary Fund (IMF) takes many factors into account when defining a global recession, but it states that global economic growth of 3 percent or less is "equivalent to a global recession". The world growth is projected to slow from 5% in 2007 to 3.75% in 2008 and to just over 2% in 2009. The recession has begun in the United States in December 2007 and with much greater intensity since September 2008. This global recession has been taking place in an economic environment characterized by various imbalances like crisis theory, tendency of the rate of profit to fall, currency crisis, energy crisis, war, under consumption, overproduction, financial crisis and has sparked by the outeak of the financial crisis of 2007–2010. Although the late–2000s recession has at times been referred to as "the Great Recession", this same phrase has been used to refer to every recession of the several preceding decades. This is a big challenge to overcome from recession. There are numbers of opportunities such as merger, acquisition and diversified investment. The object behind this paper is how to overcome the recession and generate new opportunities for low cost high quality service.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Amul Kotadia Global Recessions: Opportunity and Challenges Indian Journal of Applied Research, Vol.II, Issue.II November 2012

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