Information Madness

Economic meltdown is no more than slippery economics at America & Europe. Somewhat similar is going to happen once again, if we go according to United Nation latest global growth projections. United Nation Economic Circle has warned the world over verge of another recession in coming years. Report says globally recession will hit hard & take economy to slowest zone in the year 2012. Euro zone crisis & America’s recent wail may again diminish the growth rate & led to another economic disaster.  

United Nations report also highlighted over recovery rate & it may not be like last time that emerging nations could save the further slow down.  The UN 'World Economic Situation and Prospects 2012' report has cut the global growth forecast for next year to 2.6 per cent from 4 per cent in 2010. The point to be noted as UN mentioned this as “Make-or-Break” like condition which will fade entire scenario. Flattered growth rate in the Asia Pacific regions will too slow down the economy pace rate to 5.6 percent in 2012 from 7.5 percent in 2010. Earlier Asian economies were better known as recovery maker & economy saver against global crisis. 

"Following two years of anaemic and uneven recovery from the global financial crisis, the world economy is teetering on the brink of another major downturn," the UN report said, warning that "the risks for a double-dip recession have heightened". "Developing countries are expected to be further affected by the economic woes in developed countries through trade and financial channels," the report said. GDP growth in China and India is expected to "remain robust, but to decelerate", it said. (Courtesy: UN Development Policy & Analysis Division)

Report firmly condemns policies adapted by European Union & America to protect economy from jobless crisis. Even unable to understand debt distress & financial liquidity and led to failure of whole economy. Now it’s turning the complete economy in the fragile & unstable mode where recovery hardly appears.  

India & China

Asian economies especially India & China have too shown huge decline in the growth rate & would be one of the key reasons to economy gets into crisis stage. Latest news coming from China has made huge losses in the manufacturing segments growth rate whereas Indian GDP come down to 6.9 from 8.3 in 2010 scale. UN projected India’s economy is expected to expand 7.7 percent to 7.9 percent in 2012-13 from present GDP index. Further revised position for other economies down as 0.7 percent from US last year forecast, 1.3 percent down from Japan & 0.8 percent down in European Union. China has positioned down 0.2 percent in coming years.

These figures itself explain overall economic condition & where are we heading now?? This is supposed to most serious issue across the globe since last time condition was different from the present status. Unemployment & Debt crisis are the foremost issues mentioned under this report. Report also blamed unframed policies that could avoid this double dip recession including fiscal as well as stimulus packages on time to required sectors. It means we’re almost failed to judge our future from present state. Wish no more bankruptcy & jobless in the near future…..  

Source: http://www.un.org/en/development/desa/policy/wesp/index.shtml, Image: letsgomobile.org