Are we going to face one more recession?

Question

Hi friends, People are already panicking. How bad is the situation? Can someone give me the exact picture?

B M Suchitra · Answer

Nethra, Is it so?

Nethra R S · Answer

Hi, What i personally think is,it may be the false news spread to keep attrition under control,especially in INDIA

Pravin Patil · Answer

Hi Javed, As I said global economy is experiencing a slowdown because of Euro Zone Debt Crisis. But some experts in the Euro zone are coming up with very firm solutions to the problem. So it is not a point of big concern. Also on one hand biggies like TCS, Infy, Congizant are outperforming in the IT sector, HDFC registered it's 20% gain the Q2, JPMC, Morgan Stanley are doing very good business, while on the other hand Nokia has already layed off some employees, to which philips is following. So it is mix response from the industry. That is why I mentioned about IT industry, which is for sure doing good. In case you expect me to elaborate more on anything, please feel free to ask.....

Sam Hobbs · Answer

A big part of the problem is not knowing. If companies and individuals know what will happen, then they can take appropraite action. I forget what the saying is, but in business they say that it is best to do the opposite of what everyone else is doing. When others sell, buy. When others buy, sell. The reason for that is uncertainty.

Mahesh Chand · Answer

Actually not body really knows yet. You know it when it is here. Some companies like Google are doing really well while some companies like Bank of America are doing bad. Time will tell. There is lot of M&A happening in business world. Some sectors are overperforming and some are under. Jobs and Housing markets are still under water. If they do not improve, things will get bad.

Javeed M Shaikh · Answer

Hi Pravin, I think Suchitra's question was more about the recession in general and not specific to any industry, do you have any inputs on the same?

Pravin More · Answer

I am completly agree with you Pravin."there is not much to worry about for the IT industry as of now." Thanks, Pravin.

Pravin Patil · Answer

Hi Suchitra, As can be seen from the crisis in the Euro zone, the situation is not that good globally. But there is not much to worry about for the IT industry as of now. Yesterday itself Economic Times published that IT industry growth has remained steady in the last quarter. Infosys too grabbed quite a few new clients. Also some analysts have written in last 1-2 months, that this time industry is well prepared for the recession if at all it comes, also it will not be that that worse as it was back in 2008. Do not get panicked with the rumours, global economy will soon get stable. Please mark the answer as Accepted if it helps you.

Are we going to face one more recession?

Answers (8)