Volume : I, Issue : V, October - 2012

Topic: The Great Recession: Reasons and Indicators

Ms. Manjusha Goel, Ms. Nishi Pathak

Abstract :

As an economy starts showing some signs of the recovery from the deep and long recession it are logical to ask some important questions: Why this recession happened? How this recession affected the economy? What methods have been used by the Government to fight the recession? What can be said about possible scenarios of the future economic development? This paper provides some answers to above mentioned questions. The American economy is considered as the ‘mother’ economy of all other nations. Any fall in the parent economy affects the income and growth of the dependent economies. The global economy is facing a downturn since last few months that has given birth to a number of consequences that can be tagged as the ‘Indicators of Recession’ in a particular economy Identifying the beginning of a recession is a very simple thing The only indicators needed are the decrease of bank deposits from sellers of consumer goods and consumer services.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Ms. Manjusha Goel, Ms. Nishi Pathak Topic: The Great Recession: Reasons and Indicators International Journal of Scientific Research, Vol.I, Issue.V Oct 2012

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