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World Recovering from the financial crisis

Created by : suchita Ambardekar, Director on Board, Vir Rubber Products Pvt Ltd, Vir auto enterprises Pvt Ltd  | 08 10 2009 08:48:20 +0000
Industry : Asset ManagementFunctional Area : Capital Management(Corporate Finance)
Keywords : world financial crisis paul krugman
Activity:  240 views;  last activity : 07 06 2010 20:18:09 +0000

Nobel Laureate and Professor of Economics at Princeton University Paul Krugman said the world may be in recovery mode though, given the state in west, it does not look like it yet.

“In the US, we are still losing jobs but at a much slower pace,” Krugman said. “Manufacturing production appears to stabilizing worldwide though it’s not growing much. The purchasing managers induces (PMIs) are showing growth in some places.”

 

Even as experts say inflation see an unprecedented rise due to the money being pumped into various global economies by stimulate demand, Krugman said there was no sign of inflation happening yet. “When you put in money into the system, it mostly just sits there. It is quite easy to pull it out again if inflation starts to rise,” he said. “But the real challenge is that you announce an inflation target and you fail to achieve it.”

Krugman added that China would be the world’s most dominant economy a generation from now but it was still not big enough to serve a locomotive for growth. “China has poured in stimulus at a speed that no one has been able to match, they are able to do that because they dont worry about corruption and misuse of funds, they just force it — whether it is sustainable on their part is a different thing.”

  
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You agree that world is recovering from financial crisis Vs you dis-agree that world is recovering from financial crisis
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The pumping of financial aid by central bankers across the globe since last six-months or so has led to aversion of financial crisis.
By suchita Ambardekar, Director on Board, Vir Rubber Products Pvt Ltd, Vir auto enterprises Pvt Ltd  08 10 2009 08:48:20 +0000
 
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The federal government of US has covered most of the banks and their bankruptcy. This may conclude that there are still some tiny bubbles which might break in some course of time, or show an effect gradually. This could hamper the recovery of the economy.
By Ameya Nisal, Head of the Department, Eyeball Consultancy Service Pvt Ltd  08 17 2009 17:06:59 +0000
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Stimulus packages given by the various Governments the world over has arrested their deteriorating finances and recovery appears to be in the offing.

The looming drought situation in India has only dampened and is likely to slow  the recovery process in our country. Recovery from financial crisis the world over is a certainity.

 

 

 
By Upendra Pratap Singh, Head/VP/GM-R&D, SAIL,Bokaro Steel Plant  | 08 11 2009 15:53:58 +0000
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Thanks for the debate madam,

There are signs of recovery and many economists are predicting end of recession by the end of this quarter. Though happening, it’s going to be a very slow process and will alter the present economic equations.
By Padmanabhan R, Articled / Audit assistant, Finance student  | 08 11 2009 07:38:25 +0000
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Yes, world today is indeed coming out of financial crisis. We can see its effect everywhere. The profit margin of organizations are increasing day by day, the revenue generated is also high and accordingly, share market price have grown to a much better place than those of few months back.
By Jyoti Rath, Sr. Associate, Barclays  | 08 11 2009 06:39:15 +0000
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Yes i do agree that the world is coming out of the recession. . .

That is evident from the various economic indicators. the corporate is also coming with very good numbers and the things have started to normalise. the consumer confidence is coming back, investors sentiments are now positive, FII is pumping good money in the emerging economies, there are signs of turn around seen.

 
By Japan Shah, H.O.D, Oxford School of Management  | 08 11 2009 04:45:30 +0000
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Industry figures like sales turnover, margins and growth on an average are showing that the economy (in India) is on positive side. The banking and finance sector have done well. IT has done well - though, as usual, have expressed that the growth would not be so much in the coming quarters ( saying that TCS has delivered 1:1 bonus). Steel, infrastructure though not attractively shown, but shown growth.

Recovery from financial crisis is seen.
By taranath joshi, DGM Operations, EOL,  | 08 10 2009 15:19:50 +0000
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good piece of information shared. Thanks a lot.
By Sanjay Kaushik, Resource, TalentEquity Solutions  | 08 10 2009 10:38:54 +0000
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I agree with Mr. Ameya.because of covering of most of the US banks by its federal government, some small banks, which were left out can show adverse effect on economy in the due course of time.
By Esha Johar, Risk Analyst, Irevna  | 08 18 2009 10:48:33 +0000
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