Global Recession

An overview on history and how we can fight with

Recession???... When GDP

growth is negative for two consecutive quarters or more

When aggregate demand

decrease due to any reason

Causes and Effects

Types

History

The Great Depression(1930’s)

1970’s Oil Crisis

1990’s Crisis

1997’s Asian Crisis

Sub-Prime Crisis

Is recession is always harmful?  Rise

of Asian Countries as new markets

 After facing recession,

Finland changed its focus on communication technology i.e. Nokia  Recession bring liberal, privatization policy in India  In

U.K., Recession force govt. to restructuring of many manufacturing industries

Conclusion  Now

we, when facing the recession, just need do not respond it but to make long term strategy to reduce its effect.

 Try

to Innovate the new technology & Economic policy

 Young

people should focus on entrepreneurship and business skills