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Home » Topics » Job News » What really recession means?

What really recession means?

Last updated : 24 November 2009

  • This topic has 2 replies, 1 voice, and was last updated 15 years, 5 months ago by Anonymous.
Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • November 24, 2009 at 7:28 pm #31270
    Learnist Careers
    Participant

    Recession means actually nothing going on in the finance sector and that effects the reel sector deeply. At recessions things would go really really worst. And recessionsn hit the poorest people first.

    They would;

    Lose jobs,
    Pay cuts or freezings,
    Debts grow and be monster,
    Mortgages payments stops so lose the homes,
    Small businessess lose their customers and finally they lose the whole business,

    So recession mean actually chaning your life style from normal to worst. At this times security is most important as people would do everything for money.

    December 3, 2009 at 2:19 pm #34054
    Anonymous
    Guest

    I agree with what you say but I don’t think we’re currently in a recession so much as we are in a cultural shift in spending. I can’t see consumer spending going back up to what it was again as people are being more savvy with their money, and a lot are having to deal with not being able to rely on loans for their large expenses.

    December 3, 2009 at 2:20 pm #34055
    Anonymous
    Guest

    As I’m a new member to this forum, I was wandering, there are good topics started on this forum but no replies!?

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