Which world region would recover from the recession fastest?
December 14, 2008 5:57am CST
Everyone in the world is now feeling the effects of the recession one way or the other. All the data and analysts are saying its far from being over. We would be seeing more trying times this coming year and probably even beyond. Based on your own analysis, which of tne major world regions do you think would have the easiest (or fastest) time to recover, asia? north america? or europe?
14 Dec 08
Asia. Witin Asia India, first. The reason I feel this would be the case is: Indians are conservative. In the sense, economically they are conservative. Most are frugal to extent of being parsimomious in their ways. Unlike America they don't try to experiment in a wayward manner. Look at Banking for instance. Indians[the Bankers- I mean] are careful in throwing away money in loans. So there was no unrestricted subprime lending. There were some regulations in-built in the economy. It is not that there are no bad debts in Indian Banking. There are things like non-performing assets. The other reason is that the Indian Economy is still not a Dinosaur. By that I mean it is not such an animal that the bite at the tail takes "minutes" to reach the brain to even know thst a piece of the tail is already gone! Third there is an optimum ratio of Land Area/Population/Size of Economy.
• United States
14 Dec 08
Asia and parts of Europe be the least effected but a crash. A lot of the people in these parts of the world still produce a lot of what they consume. The United States and western Europe will be the most effected.m The poorer countries will fair much better than we will. They don't go to the store and buy everything they need to survive.
• United States
17 Dec 08
I don't think we have seen the worst of it yet either. There are a lot more houses out there that will be foreclosed yet. There is something else at work that most people don't think about. A very large part of our economy is being supported but the manufacture and sales of junk items. I'm talking about anything that we want but really don't have to have to survive. Sales are already way off on a lot of the high dollar stuff. Expensive appliances, high dollar houses and cars, even a lot of the pre-prepared foods and eating out. As the sale of these items continue to slow down more people will be laid off and this will cut down even more on the amount of money that will be spent. This has started a domino effect that will just continue until there are no more dominoes to fall. We must hit bottom before we can ever start to heal and we are not there yet.