The Worldwide Economic Recession is Not Over

7/28/2019 The Worldwide Economic Recession is Not Over

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The worldwide economic recession is not over, and in fact, the world economy is posed to enter a secondrecessionary state.

While the overall condition of the world's economy has improved to where it cannot be classified as

recessionary, the state of the countries of the European Union (EU) and China show that therecessionary press is still very strong. The EU and China both are predicting that their Gross Domestic

Product (GDP) will increase at a rate to support their population growth. This is a giant push back into

recession for these countries and the world economy as well.

Posted By: G4rwIsdead

The world recession will continue, as nothing has changed to end it.

The end of the worldwide recession is still a long ways away. Unemployment is still high, Wall Streetand financial institutions still have little oversight, high income inequality still exists, large government

debt still exists, and high tax burdens on the middle and lower classes will continue to keep spending

low. Without increased demand for product and services, the worlds economies will not improve. In

addition, the failure to achieve any real solutions to the recession, by politicians, means there is little

chance of change.

Posted By: TawdryChris

The recession is not over, though recovery may be starting.

Just because a place is starting to recover, doesn't mean that it's over. There are hopeful signs, but

there is still a long ways to go. Many people are still out of work and struggling, and even those

working are still afraid to spend, which is extending the economic downturn even further.

Posted By: HumdrumMilo83

The worldwide recession has entered its second phase and is far from over.

The worldwide recession that hit global markets in 2008, may have reached a plateau in the last 3

years, but now seems poised to enter a second phase of collapse. With the US government on the

brink of defaulting on its 14 trillion in loans, and the European community grappling with defaults in

Greece, and potentially Italy and Spain, it seems that the last 3 years have only postponed the

worldwide monetary problems of debt. Previous solutions, such as governments infusing their

countries with money from a central treasure, are now no longer viable options and seemed to have

only postponed the inevitable. New solutions and approaches must be considered to begin rebuilding

the economies worldwide.


2/6

Posted By: P3nrIin

No, the recession is not over, because most countries are still in bad shape.

Not only is the worldwide economic recession not over, it is, at best, only half over. With some

countries in the EU almost bankrupt, and Greece in bankruptcy, it looks very bad. In the U.S., we

have been on the slide for the last three years, and it does not look optimistic for the next few years.

So, we are still in for a hard ride.

Posted By: AuspiciousQuincy95

No, because I do not believe that anyone can predict whether the economic recession is over or not.

I have learned through my study of economics and economic analysis that most models of the macro-

economy have very little predictive value. A model today can tell us why something happened in the

past, but is unable to predict the future with 100% accuracy. All we can do is hope, and invest in a

growth-minded direction.

Posted By: ThoughtfulNapoleon

I do not think the worldwide economic recession is over.

I do not think the worldwide economic recession is over or will be over in the near future. Everyday

that I watch the news I see little positive change in unemployment. It also seems like packaging for

products is getting smaller, yet the price is staying the same. Gas prices continue to rise. All these

factors together mean less money for people who are already in a financial bind.

Posted By: TickoCa22

The recession isn't over, but instead only experiencing a brief remission.

The economy is in a brief remission now. But it is bound to relapse into recession or worse, because

the underlying fundamentals aren't improving. The U.S. Fed is still artificially manipulating currency

and interest rates, and currency manipulation is going on across the globe too. People are still in

debt, and no one is saving or spending, except money that they don't have.

Posted By: Th4Fire


3/6

I disagree that the economic worldwide recession is over, because the signs of improvement are still toofew.

The unemployment rate is still high, with few signs of improvement. And as hard as they try to

convince us that things are getting better, it's clear that they are not. They probably never will be

better in any real way, because countries keep incurring debt they can never repay. At some point,

the damage is final, and a full recovery just isn't realistic.

Posted By: N3vinFace

There is no way that the economic recession is over. All over our country small businesses are going outof business at an alarming rate on a daily basis.

Unemployment is higher than it has been in decades. I am very familiar with the economic situation

in the United States and from what I see on the national news its not a whole lot better anywhere

else. Something needs to be done and done quickly to end this recession.

Posted By: KerbyLuv

No, most people are still feeling the effects of the recession

Unemployment is still high, with one in ten people out of work and a number of other workers too

discouraged to even try. Investment is low and there isn't much credit, even for businesses with good

projects or qualified buyers with good credit. Housing prices are still low, and there are still a number

of foreclosures. I suspect it will be at least a year before the recession ends.

Posted By: NoIanP4P3r

I don't believe that the recession has come to an end. There are lay offs still going on and people outthere are still without a job.

Unemployment has risen above 10% in 2010 despite the government spending. The administration

and some members of Congress have proposed that the government spend another $80 billion on

jobs programs due to this situation. And also the market prices have fallen down yet there are no

body to buy things despite the cheap rates. So the recession is still on...at least officially.

Posted By: HercBel

The worldwide economic recessions is not over yet.


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Such a large-scale economic recession takes a good deal of time to "bounce back." In this day and

age of globalization, the recessions was not localized, but has affected a number of large world

powers and other countries who do business with them. Unemployment is an unfortunate side effect

of a recession, and again takes time to reverse. As businesses suffer, they do not hire employees and

may lay off others. Even if a business' economic situation improves, the business executives may wait

a few months to make sure that the trend is continuing before beginning to rehire.

Posted By: CortApenguin

Consumer confidence, balanced budgeting, employment, and credit/debt stability are still low in the US,and, in fact, have hit a trough in countries such as that in the EU.

The domestic economy is largely a consumer economy: it depends on people consuming goods and

services. For such an economy to function, you need consumer confidence; for consumer confidence,

you need income through employment; for businesses to function properly and employ people, you

need a proper credit system. However, under none of these metrics can the economic recession be

said to be even be near the end. To use a foreign example, the EU is actually worse off than the US.

Many countries' budget deficits are at 100% GDP or greater and are essentially bankrupt, with

unemployment at higher double digits.

Posted By: TheSans

It is on the road to recovery

No, worldwide economic recession is not over yet. It is reduced and on the path to recovery.

Measures have been taken by inducing money to save the businesses but real recovery is when these

businesses can stand on their own and function well to produce profits. Recovery is when GDP

growth is back on track.

Posted By: TownMaso

While the recession may be ending in America, other countries still have problems.

America has dealt with the bad economy for many years now. Although we are not finished with the

recession, it is getting better. However, world wide there are many countries that have struggling

economies. Look at Europe for example. Some countries are just now reaching an all time low.

Posted By: C0rn4Gamer


5/6

The worldwide economic recession is not over because unemployment has yet to come downsignificantly.

Officially a recession ends when the economy stops contracting and starts growing. However, the

economy has been growing so anemically that the recession might as well have never left.

Unemployment has not been this high for this long since the Great Depression and inflation and

interest rates remain at record lows. Instead we are looking at slow grinding deflation and low

interest rates as far the eye can see.

Posted By: SCross

I do not believe that the worldwide economic recession is over yet

In my opinion, I do not believe that the worldwide economic recession is over yet, we just started

seeing the signs of recovery but not the full growth. The repercussions of the yesteryear's recession

are still have their impact on certain economies or would show up shortly.

Posted By: SaroM0vi3

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The Worldwide Economic Recession is Not Over