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.
The world is in a big recession.
Depends which country you're talking about. I am quite sure that the USA is not yet over the recession, but I know that Australia never had a recession to begin with.
because they spent all of their money building the world cup stadiums
it was sold all over the world & the car was instant hit all over the world . daewoo matiz helped daewoo motors to reach the top ten car manufactures in Europe for excellent cars. but in the year 99 till 2002 Korean economy went down due to that their was recession all over & due to that the company went bankrupt.
was there a recession after world war 1? some one told me that war is fixed because it is used to bring down the population and so the government does not have to pay the pension of the killed solders. because why did they not killed Hitler sooner and why did they not give the solders protection on D-day.so it is all the government fault. and what will happen after this recession.
No. The recession is expected to stabilize during 2009 and is expected to end by the end of 2009. The steps taken by the governments world over would start showing effect and the economies will recover. note: This is only my opinion.
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.
Not all business do poorly during a recession. During a recession certain goods and service have an increase in consumption. Commonly sited is the increase in the consumption of alcohol. Other products which enable individuals to be more autonomous often do better in a recession.
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There is no universally recognized definition of 'recession.' Most (but not all) economists would agree that the current economic situation is at least a recession.
economic recession
When there is a reduced level of economic activity (such as less employment, less sales of various products, etc.) taking place in most or all of the countries in the world rather than in just one, that is a global recession.