Econmists define a recession as "two negative quarters"the economy produces less output--fewr goods and services --for two consecutive three-month periods.
India's slowdown
***************
Since the world economic crisis started ,India has fared better than the United States did .We didn't have the real-estate bubble that the Americans did ,even if our house prices have come down recently .And our banks have held up better.
Many experts believe that China and India will be the countries that will lead the rest of the world pit of the present crisis---hopefully by the start of 2010.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment