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Q.

What is this recession in US
why is it affecting our health

Tags: health, recession in us
Asked by sathya s, 21 Mar '08 08:08 am
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Answers (7)

1.

It is slowly improving now
Answered by saranathan Narasimhan, 11 Sep '09 04:06 pm

 
  
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2.

They are playing games....to ruin the developing economies......American recession never lasted for more than 3-4 months in the history ever....but they project as if doom's day is near...in this panic situation developing countries[as all such nations are greatly dependent on US]....ruin themselves and when they find them struggling they bargain and succeed......lift the spirits for a while...take advantage of that boom time and again create a similar situation......we never learn our lessons and our citizens suffer like hell.
Answered by devender dahiya, 21 Mar '08 08:38 am

 
  
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3.

Any power misued renders such nation ineffective in the long run. In its misadventures in Iraq and Afghanistan and long back in many other parts of the world- USA is paying the price now. The effect on Indian economy is going to be affected even though some what adverse but not serious in the long run. The recession can be briefly described as not having enough incomes to support production and other resources. Hence a negative growth.
Answered by Satyanarayana Tumuluri, 21 Mar '08 08:30 am

 
  
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4.

The feared recession in the US economy has already arrived.

But a reserve member of the committee that sets US rates warned that it could do little about the below-trend growth expected in the next six months.

The NBER defines a recession as "a significant decline in economic activity spread across the economy, lasting more than a few months".

It bases its assessment on final figures on employment, personal income, industrial production and sales activity in the manufacturing and retail sectors.

Merrill Lynch said that the figures showing the jobless rate hitting 5% in December were the final piece in that puzzle.
...more
Answered by DRSiva, 21 Mar '08 08:23 am

 
  
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5.

American banks are under pressure because of unpaid home loans...this affects banks capability of loaning to other industries and whole economy suffers. Obviously, when american industries suffer, it impacts indian industries, especially software.
Answered by pratap singh, 21 Mar '08 08:22 am

 
  
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6.

Probably one of the important reasons may be - the fund agencies in usa, are always in search good investment avenues. having found domestic sources for such investment had saturated, were in search of green pastures elsewhere in the world. sleeping giant china was one destination, they found to be remunerative. for last 15 years, such agencies might invested billions and billions of such funds in china, forget about other similar investments elsewhere in the world including india. that might have affected more in usa 's economy, that is capital drain. the effect is found now!
Answered by dinkar shetty, 21 Mar '08 08:21 am

 
  
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7.

It unufied economy hence effec t
Answered by dhanendra kumar jain, 21 Mar '08 08:09 am

 
  
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