Banks are down and people are pulling out thee shares. Because of America's cheap and bad banks the share market has dropped and now all over the world people being affected. Country's say they have not been afected but really having exports and imports rare also plummenting in size due to the economic meltdown. Many governments are trying to get out of the recesion and they say it could last 8 years.apparently lots of cafe, resturants and small companies and being pulled out of buisness. Also people try so survive and strt to sacke mpeople acking less money going out to employees.-Jclarke :)
mortage crisis
Global warming
many events
There was a recession in 2001. Part of the reason was the terrorist attacks against the United States. Prices sagged on the stock markets, business earnings declined causing unemployment to rise. This in turn slowed down consumer spending.
recession
The world is in a big recession.
The relationship between inflation and recession is that a recession will cause inflation to go down. The reason for this is due to their being less money being spent due to the recession.
There is an old saying...when the United States sneezes, the whole world catches a cold... In other words there is a recession all over the world because the United States is in a recession.
mortage crisis
The recent recession is one major reason.
South Africa is currently in a recession because of a great decline in demand for products and output of products due to a world market recession.
The revenues and profits of companies have gone down due to the recession and hence they may not be able to afford incentives and fat pay hikes. that is why they haven't given them.
In today's world of recession that has hit the world in a very big way, both the U.S.A. and Europe are suffering. Australia, on the other hand, has not felt the recession as much as U.S.A. and Europe, and job cutting has not begun.
Global warming
it smells ahaha
A Recession means a period of economic decline, which is still what the world is in right now but working on getting better.
Right now it is starting a recession, as much as the rest of the world.