‘Double-Dip’ recession 2011

February 11th, 2011 - 7:59 pm ICT by Aishwarya Bhatt  

Washington DC, Feb 11 (THAINDIAN NEWS) The world was hoping that the recession that did hit the world almost three years ago was slowly getting to an end.

While the 2011 predictions were fairly good, some analysts are beginning to reread the signs again. Fears are mounting that the global economy may suffer a double-dip recession this year.

Gloomy financial indicators have got many of the economic experts to question whether the recent global recession was properly handled by world leaders. Some argue that the root cause of the financial crisis has been left standing and that is what will come back in 2011 to haunt the world.

Despite all the promises, world leaders have failed to get the jobs back into their countries and with consumer spending still down, many believe that the trillions that were thrown into the world economy only served as cosmetic dressing. Several trillions of dollars have been used as recovery funds to stabilize most of the countries.

The economic crisis shook the very foundation of the world’s economy. Several economies were left perilously close to bankruptcy when some critical institutions failed. Other countries however like China and India positioned themselves and gained from the crisis.

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