Recession has caught the global economy by its throat. So strong is the grip that even the financial whiz kids who were partly instrumental in bringing about this gloom and doom, have been reduced to nobodies. But now the real question is who will lead the charge and fight recession.
Probably! Reckless and unrestrained disbursal of loans to the persons, who hardly have any repayment capability, has brought about the world to its present situation. What started as trickle has now become a storm and has engulfed the entire world.
Present day glut in world’s economy is reminiscent of recession which took the center stage in 1930s. World today is struggling to come to terms with this recession monster. The job losses have been unprecedented. All developed and developing economies are reeling under the onslaught of this monster. Panic has spread to India and China [...]
