Global Economic Recession. How serious is it?


We all are aware of the current ‘Global Economic Recession’ that the entire world is going through. But I am really curious as to know how far would all this be affecting our lives, personally and professionally, and the entire world as a whole.

Top notch organisations like AT&T, Nokia, Sony and TCS to name a few, have adopted strict cost cutting measures to counter this current scenario, be it reduction of work force or alterations in payroll or cutting down on production costs and variable costs. Market shares of the companies have been largely inconsistent, to say the least. Not to mention, the dollar rate has been the cynosure of all eyes for the past 2 months. All this does raise a few eyebrows here and there, but I am extremely positive and hopeful about the rejuvenation of the current situation of recession. I do believe that this is probably just a passing phase and it is a matter of time before things fall into place, bringing the entire nation and the world into a state of normalcy.

After all, there is always light at the end of every tunnel.

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