BY- RAJEEV UPADHYAY
The recession in the US market and the global meltdown termed as Global recession have engulfed complete world economy with a varying degree of recessional impact. World over the impact has diversified and its impact can be observed from the very fact of falling Stock market, recession in jobs availability and companies following downsizing in the existing available staff and cutting down of the perks and salary corrections. Globally the financial sector sacking the existing base of employees in high numbers in US the major example being CITI Group same still followed by others in hospitality industry Jet and Kingfisher Airlines too. The cut in salary for the pilots being 90 % can any one imagine such a huge cut in salary.
The badly hit sector at present is being the financial sector, and major issue being the "LIQUIDITY Crises" in the market. In total the recession have turned down the growth process and have set the minds of economists and others for finding out the real solution to sustain the economic growth and stability of the market which is desired for the smooth running of the economy.
In present situation down fall in one sector one day leads to a negative impact on the other sector thus altogether everyone feel the impact of the Financial crises with the result of the current recession which started in US and slowly and gradually due to linked global world have impacted everyone.
Introduction – GLOBAL RECESSION
In today's arena the most common word we come across are recession and downturn. Recession or crisis is the part of the normal cycle of business. It is certain that they will sooner or later occur. Recessions... [continues]
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(2010, 08). “Rural Marketing” to Refrain India from Global Turmoil. StudyMode.com. Retrieved 08, 2010, from http://www.studymode.com/essays/Rural-Marketing-To-Refrain-India-From-371398.html
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