Another Recession on the Cards?

5th August 2011: According to recent economic situation in US, the probability of recession has been doubled. The chances are that there will be recession is 10% and it may come in the next year has 35% chances. According to latest reports, US economy is not growing. Global stock markets tumbled on Friday due to fear that US is heading towards another recession. Already European debt crisis is worsening. No matter how much bailout packages has been announced, the economy is not recovering at all.

What caused these reports is the latest findings of some key economic indicators like consumer spending, manufacturing, job cuts and GDP. If US economy continues to perform like this, we are not far from a 2008 situation.

The effect of fears of US recession also impacted Indian stock market as the sensex closed 387 points lower than the last day. Lets hope we all survive these tough times.