Former Fed Chairman Greenspan has not denied of the possibility of a double-dip recession after we are increasingly seeing indicators that are indicating slow recovery. The unemployment rate has not budged from 9.5% and looks like it will stay there for a while. However, the GDP has shown growths of 2.5%-3.5% over the last few [...]
recession
The International Labour Organisation (ILO) has revised upwards its estimates of worldwide unemployment, and called for a “global jobs pact” to address the current crisis. Its statistics estimated that in the period of 2007 to 2009, between 210 million and 239 million people would lose jobs, representing world unemployment rates of 6.5 and 7.4 per [...]
This news was seen as a bright lighting in the dark clouds. Here lighting is the increase in average Indian salary while dark clouds actually means recession. The monthly income of an average Indian for the first time in the country’s history has crossed Rs 3,000, thanks to economic reforms and a high growth rate [...]
Here is a good news during recession. People who wanted cheap domain names can now register them via Yahoo Small Business which is offering them at 1.99$ for one year. And yes this special offer is valid till June 30th. I would surely register a couple of site and keep them safe for my next [...]
Now advertisers are getting smater day by day as they making ads relating to latest happenings in real life. Here is a master piece from Havells India Ltd a company which is engaged in manufacturing of electric switches. The advertisement actually tries to show what shock people got because of recession. “Recession ka shock laga” [...]
Yes its recession. No one is hiring so what better than a BPO, people join BOP and they don’t think of leaving the job as it’s recession. The earlier practice being six month in one call center and six month in an another one. The attrition rate for this industry has come down by an [...]
Fortune magazine reported that Top 500 US companies have witnessed 85% fall in profits in half decade. This is one major proof that recession is still intact and no one knows when it will end ? Earnings dropped 84.7 per cent from the previous year, from 645 billion dollars to 98.9 billion dollars, marking the [...]
