A recession is the contraction phase of business cycle. The official agency in charge of declaring that the economy is in a state of recession is the nation bureau of economic research. According to NBER the recession is defiend as “Significant decline in economic activity lasting more then a few months”‚ which is normally visible in GDP‚ real income‚ employment‚ industrial production‚ and wholesaler- retail sales. WHAT CAUSES RECESSION ? An economy which grow over a period of time tends to
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Public administration and defense Other services Today in India‚ service sector alone contributes more than half of its GDP. According to financial year 2007-08‚ share of service sector is about 55.1 % i.e. more than industry sector (26.4%) and agriculture sector (18.5%). The service sector now accounts for more than half the GDP marks a turning point in the evolution of the Indian economy and takes it closer to the essentials of a developed economy. There was marked
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ISSN:-2230-7850 Article :GLOBAL RECESSION & IT’S IMPACT ON INDIAN ECONOMY Author :Mr.Sandeep Krishnat Raval[N.D.Patil Night College‚ Sangli] Dr.P.S.Kamble[Shivaji University‚Klhapur] Abstract : This paper explains that there is serious imbalance in the world economy and this could have international effects. This paper analyzes the seriousness of this impeding adverse situation especially for developing countries and discusses weather as a consequences of this‚ a global recession is inevitable .this paper
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Impact of the Recession on the Sports Industry Sports all over the world have become a big business. But with this rising recession‚ the general environment has had some negative effects on these industries. Its mostly the professional sports that this has been having a huge affect on. The national football league is seriously debating having a lockout due to financial hardship‚ and other sports businesses and leagues are also taking a hit. Apparel stores all over the world are
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Impact of Recession and its effects on HRM INTRODUCTION: The world has suddenly plummeted into a deep economic crisis (called Global Meltdown or Financial Tsunami)‚ the worst ever since the 1930’s. It has almost taken all the countries across the globe into its grip. Almost all the sectors of economy with varying degrees have caught business by surprise during the current global downturn with so much swiftness that every day has become a question of survival. Organizations are grappling with
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THE IMPACT OF THE GLOBAL FINANCIAL CRISIS ON THE CONSTRUCTION INDUSTRY JANUARY 2009 INTRODUCTION The current crisis in the world’s financial system has left the construction industry facing its toughest challenges for a generation. Salaries are falling; job cuts are predicted to reach 400‚000 in England alone; and the impacts look set to get much worse before they get better. No country is immune from the impact of this and the UK‚ and much of the rest of the world‚ is already in‚ or about
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Impact of Recession on Indian Economy Table of Contents Reason for Recession to occur 2 Channel through which recession got transmitted to India from US 3 Effect of recession on different sectors 4 Impact on Indian Economy 6 Steps that government took to tackle recession 9 References: 11 Reason for Recession to occur What happened was this: banks
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The strategic impacts of the Economic down turn on P&G Introduction According to the World Bank on Independent Evaluation Group website‚ the 2008 global economic crisis originated in developed countries weakening world economies and threatening progress that developing countries have made during the past several years. The crisis spread quickly and took many governments and international organizations by surprise. This is to say the world was not aware of the event been around the corner and
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Running head: MONETARY POLICY/MACROECONOMIC IMPACT PAPER Monetary Policy/Macroeconomic Impact Paper Heather Robinson University of Phoenix MMPBL 501 04/25/2010 Introduction The Federal Reserve Board (FED) utilizes tools to control or manipulate the money supply‚ these tools affect macroeconomic factors such as inflation‚ unemployment and interest rates‚ which ultimately determine a country’s GDP. To recommend the best monetary policy combination I will discuss the tools used by
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A PROJECT REPROT ON A STUDY ON “IMPACT OF RECESSION ON SHARE PRICES OF TRI SECTORS”` AT PCS SECURITIES LTD SUBMITTED IN PARTIAL FULFILLMENT OF THE REQURIEMENTS FOR DEGREE OF BACHELORE OF BUSINESS MANAGEMENT BY VINAY.S (08PSC08081) UNDER THE GUIDANCE OF MR.AMAR H.A LECTURER OF COMMERCE AND MANAGEMENT SESHADRIPURAM INSTITUE OF COMMERCE AND MAGEMENT BANGALORE-560020 2010-2011 SESHADRIPURAM EDUCATIONAL TRUST
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