Global Economic Recession: Lessons and Impacts.
This paper aimed to present the impacts of the global financial and economic crisis of 2008 on the container-ships market and mainly drew lessons from them. The recent fall in freight rates is a challenge to ship-owners, ship-operators and analysts of the maritime economy.
The economic slowdown in US economy in 2008 caused by the burst of housing bubble engulfed the entire world in its grip. This research paper aims to give a detailed account of US Recession-2008 and its impact on Indian Economy. The financial crisis has not only affected United States of America, but also European Union, U.K and Asia.
This essay talks that global recession is an economic issue that currently prevails over all others. With recession, the economic activities of a country go downhill over a period of time in a business cycle.
This publication titled “Global Economic Crisis and its Impact on India” is the next in a series of 'Occasional Papers' being brought out on topical issues from time to time for the benefit of the Members of Parliament. In an increasingly interdependent financial world the recent Global.
The global economic crisis started in summer 2007, though the full impact was not felt till the bankruptcy of the investment bank, Lehmann Brothers in September 2008. The next couple of years witnessed heavy job losses and contraction in the GDP (Gross Domestic Product) of many countries in the West as well as in the developing world.
The Chinese economy is likely to be hit further by reduced global demand for its products due to the effect of the outbreak on economies around the world. Data released on 16 March showed China's factory production plunged at the sharpest pace in three decades in the first two months of the year.
These effects are manageable when compared to the retrenchment and recession experienced elsewhere in the world and when seen in the context of the fundamental strength of the GCC economies. This event is happening at a time when the world economy is in grave crisis and we are staring in the face of a global recession.