Dear All, How many of you think - Next year i.e. 2012 may be a Recession Year ? Why ? Is it really bad effective for all economical growing countries ? With Regds, RK
From India, Mumbai
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7From India, Mumbai
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Dear RK,
Already Cisco has fired 10,000 employees, followed by Wipro with 5,000, and also by HSBC. Other companies have started slowly. All CMM Level 5 companies have initiated layoffs, and in the third quarter, they will begin firing employees. It would be better to join small and upcoming companies for job security. This time, the impact will be different and more severe.
Let us all keep watching, as this time it will affect all countries, including developed ones.
Thank you.
From India, Secunderabad
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Already Cisco has fired 10,000 employees, followed by Wipro with 5,000, and also by HSBC. Other companies have started slowly. All CMM Level 5 companies have initiated layoffs, and in the third quarter, they will begin firing employees. It would be better to join small and upcoming companies for job security. This time, the impact will be different and more severe.
Let us all keep watching, as this time it will affect all countries, including developed ones.
Thank you.
From India, Secunderabad
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Dear All,
Recession Starts (a bad time for all economically growing countries)
For the first time, the US loses AAA credit rating - Yahoo!
US credit downgrade creates no ripples after all - Yahoo! India Finance
S&P: Asia would be hit harder by a second global crisis - Yahoo! India Finance
Lakshmi Mittal loses 2.16 billion pounds following the market crash - Yahoo! India Finance
Giridhar,
During the last recession period, many small organizations lapsed. It had a detrimental effect on community-level organizations, but small organizations cannot withstand major economic changes. This time, the way the impact is felt is different, but adapting to all the changes is challenging. This recession is projected to last for the next 2 years, according to researchers. Additionally, during this period, many IT and ITES organizations will shut down. For the economy, other non-IT organizations also need to consider this perspective.
With Regards,
RK
From India, Mumbai
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Recession Starts (a bad time for all economically growing countries)
For the first time, the US loses AAA credit rating - Yahoo!
US credit downgrade creates no ripples after all - Yahoo! India Finance
S&P: Asia would be hit harder by a second global crisis - Yahoo! India Finance
Lakshmi Mittal loses 2.16 billion pounds following the market crash - Yahoo! India Finance
Giridhar,
During the last recession period, many small organizations lapsed. It had a detrimental effect on community-level organizations, but small organizations cannot withstand major economic changes. This time, the way the impact is felt is different, but adapting to all the changes is challenging. This recession is projected to last for the next 2 years, according to researchers. Additionally, during this period, many IT and ITES organizations will shut down. For the economy, other non-IT organizations also need to consider this perspective.
With Regards,
RK
From India, Mumbai
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Dear RK and all CiteHR members,
Are we moving towards another recession? The global economic developments after Standard & Poor's (S&P) downgraded the U.S. credit rating point towards the advent of a global economic meltdown. The leading rating agency S&P, for the first time, downgraded its long-term sovereign credit rating on the U.S. from 'AAA' to 'AA+' and kept a negative outlook. The debt ceiling could not prevent the S&P downgrading. The historical downgrading also worsened the world economy, which is already on the brink of a recession driven by the weakened U.S. financial recovery and the debt-ridden European economy.
While the debt crisis is likely to hit banking, manufacturing, real estate, and pharmaceutical sectors in the U.S., the crisis is said to cause only a minimal impact on India. It will presumably result in less capital flow to the Indian economy, and our capital markets may face volatility head. Being the 14th-largest creditor to the U.S., India has exposure to close to $41 billion in U.S. treasury bonds. The U.S. has an overall national debt of around $15 trillion, of which the country owes $4.5 trillion to foreign countries holding government debt securities. However, the recession fears have gripped the world economy, and here is a short peek into its impact across the globe.
Even our RBI has also invested a lot in US securities where the loss is being incurred. Let us now wait and watch the show.
From India, Secunderabad
Acknowledge(0)Amend(0)
Are we moving towards another recession? The global economic developments after Standard & Poor's (S&P) downgraded the U.S. credit rating point towards the advent of a global economic meltdown. The leading rating agency S&P, for the first time, downgraded its long-term sovereign credit rating on the U.S. from 'AAA' to 'AA+' and kept a negative outlook. The debt ceiling could not prevent the S&P downgrading. The historical downgrading also worsened the world economy, which is already on the brink of a recession driven by the weakened U.S. financial recovery and the debt-ridden European economy.
While the debt crisis is likely to hit banking, manufacturing, real estate, and pharmaceutical sectors in the U.S., the crisis is said to cause only a minimal impact on India. It will presumably result in less capital flow to the Indian economy, and our capital markets may face volatility head. Being the 14th-largest creditor to the U.S., India has exposure to close to $41 billion in U.S. treasury bonds. The U.S. has an overall national debt of around $15 trillion, of which the country owes $4.5 trillion to foreign countries holding government debt securities. However, the recession fears have gripped the world economy, and here is a short peek into its impact across the globe.
Even our RBI has also invested a lot in US securities where the loss is being incurred. Let us now wait and watch the show.
From India, Secunderabad
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