Different definitions for the term "Recession" exist. However, there is one thing they have in common. A time factor.
From Wikipedia: "Some business & investment glossaries add to the general definition a rule of thumb that recessions are often indicated by two consecutive quarters of negative growth."
China has posted a lesser growth of (only haha) 9.4% for 2008.
Ok, growth less than expected is still (positive) GROWTH. How can there be a recession if a) there is no negative growth and b) not over 2 quarters..???
Can we all please stop talking about a recession for the next 4 - 5 month and THEN see if we really are in a recession?? With China just injecting 600 Billion (Waaaaaaaaaaah) Euro into their economy, I am sure there won't be such thing as a recession, if there ever was any.
Perhaps I should post that I am rich. Maybe I will be in 15 years. But I could already start saying it, right?
Monday, November 10, 2008
Recession - What Recession?
Posted by SP11 aka. Mr. Pertz at 3:10 PM
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