1. a period of temporary economic decline during which trade and industrial activity are reduced , generally identified by a fall in GDP in two successive quarters:the country is in the depths of a recession [mass noun] :measures to pull the economy out of recession <br />2 [mass noun] chiefly Astronomythe action of receding; motion away from an observer<br />Global meanse :relating to the whole world; worldwide:the downturn in the global economy<br />Global recession<br />From Wikipedia, the free encyclopedia<br />Jump to: navigation, search <br />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 quot;
equivalent to a global recessionquot;
.[1][2] By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002.[3][4]<br />Mac millan dictionary meanse a period when trade and industry are not successful and there is a lot of unemployment<br />In economics, a recession is a business cycle contraction, a general slowdown in economic activity over a period of time.[1][2] During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, business profits and inflation all fall during recessions; while bankruptcies and the unemployment rate rise.<br />Recessions are generally believed to be caused by a widespread drop in spending. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.<br />Definition: A recession is defined to be a period of two quarters of negative GDP growth. <br />Thus: a recession is a national or world event, by definition. And statistical aberrations or one-time events can almost never create a recession; e.g. if there were to be movement of economic activity (measured or real) around Jan 1, 2000, it could create the appearance of only one quarter of negative growth. For a recession to occur the real economy must decline. A more detailed explanation is available at: Recession? Depression? What's the <br />recession<br />recession <br />Hide links within definitionsShow links within definitions <br />Definition<br />A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.<br />recession<br /> <br />Hide links within definitionsShow links within definitions <br />Definition<br />Period of general economic decline, defined usually as a contraction in the GDP for six months (two consecutive quarters) or longer. Marked by high unemployment, stagnant wages, and fall in retail sales, a recession generally does not last longer than one year and is much milder than a depression. Although recessions are considered a normal part of a capitalist economy, there is no unanimity of economists on its causes.<br />Unemployment In Global Recession Scenario<br />IntroductionToday, a global recession has become a biggest threat to world. Due to this global recession, it is a macroeconomics crisis. In last few years, unemployment has become a serious and top most problem in many part of the world. Also increased globalizations have put more employee job into risk. The under developing countries like India, china are facing their bad time. Emerging economies like China and India are affected by the negative influence of the US Subprime Market Crisis.By reducing the demand for labor we can bring economic downturn, but it tends to increase the unemployment level in the formal sector and bring the wages charge down. It means the poverty rate is increasing and as well as the unemployment is also increases at the same rate. Such both effects try to tend the unemployment and poverty in formal economics. Thus recession works into two ways, directly or indirectly. Directly, in this scenario it decreases the wages of employees and it creates more jobless employees it means more number of poor in formal economy. In directly in this scenario it brings wages down those already employed in formal economy.In other word when the economy is passing through in a recession scenario the GDP rate will be high. The goods, service and product demand would be low. When demand of the product would be low the consumer expenditure also will be low. When demand will be low the production will be low. It means less production less no employment required. It means a gap between supply and demand processes.Due this global recession all companies are very worried about the future thought out the world. They think they are also concerned whether they will be able to recruit and keep the best people to run their business. Unemployment rate is the per cent of civilian labour work force activity looking for work but unable to find a job. The unemployment consist of three types of people first who are fit for the job but are not getting a job,... <br />Impact of global recession and financial management challenges and strategies:For Indian EconomyABSTRACT:- ▪ The world is witnessing one of the most critical changes in global economy, communal, regional and national conflicts which is the worst recession of the century. This has made an impact on every sector and there is a need to battle these crises with a new mindset. ▪ The current slowdown, which world is witnessing, is cyclical, which happens every 10 years. The last time it happened was in 1998. During every slowdown there are companies, which close down; especially the small ones. ▪ This paper is an attempt to look into the Impact of global recession and financial management challenges and strategies: For Indian Economy, major initiatives taken up by the Government and Reserve Bank of India in the order to contain it with special focus on employment, import-export, interest rates, risk management, credit demand and taxation, Liquidity etc. to come out from this situation of recession.RECESSIONS:- [pic]Recession is the result of reduction in the demand of products in the global market. Recession can also be associated with falling prices known as deflation due to lack of demand of products. Again, it could be the result of inflation or a combination of increasing prices and stagnant economic growth in the west. 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 quot;
equivalent to a global recessionquot;
. By this measure, three periods since 1985 qualify: 1990-1993, 1998 and 2001-2002. Indian economy is shrinking, unemployment rolls are growing, businesses and families can’t get credit and small businesses can’t secure the loans they need to create jobs and get their Products to market. A recession, which included two successive quarterly...<br />Global Recession On India<br />Impact of global recession on India America is the most effected country due to global recession, which comes as a bad news for India. India have most outsourcing deals from the US. Even our exports to US have increased over the years. Exports for January declined by 22 per cent. RECESSIONS ARE the result of reduction in the demand of products in the global market. Recession can also be associated with falling prices known as deflation due to lack of demand of products. Again, it could be the result of inflation or a combination of increasing prices and stagnant economic growth in the west.Recession in the West, specially the United States, is a very bad news for our country. Our companies in India have most outsourcing deals from the US. Even our exports to US have increased over the years. Exports for January have declined by 22 per cent. There is a decline in the employment market due to the recession in the West. There has been a significant drop in the new hiring which is a cause of great concern for us. Some companies have laid off their employees and there have been cut in promotions, compensation and perks of the employees. Companies in the private sector and government sector are hesitant to take up new projects. And they are working on existing projects only. Projections indicate that up to one crore persons could lose their jobs in the correct fiscal ending March. The one crore figure has been compiled by Federation of Indian Export Organisations (FIEO), which says that it has carried out an intensive survey. The textile, garment and handicraft industry are worse effected. Together, they are going to lose four million jobs by April 2009, according to the FIEO survey. There has also been a decline in the tourist inflow lately. The real estate has also a problem of tight liquidity situations, where the developers are finding it hard to raise finances.IT industries, financial sectors, real estate owners, car industry, investment banking and... <br />