has the recession finally ended?

South Africa
October 16, 2009 3:09am CST
i am really optimistic and at the same time surprised that many countries are now claiming that the global economic recession is now easing off and things are finally getting back to normal but i hope the world will not go back to that era of the recession and another global crisis will not erupt
2 responses
@chookie1971 (2276)
• Australia
16 Oct 09
I can say that here in australia, things are on the up now. Our reserve bank has put up interest rates. Good news for the money savers but not good news for home owners who have a mortgage.
@buzzmaker (631)
• India
16 Oct 09
I think the recession has finally ended. At least the "Global" recession scene is not there anymore. Most of the countries were hit by recession after the sub-prime issue and the liquidity was gone. But after the US elections the economic conditions are showing a sign that the recession is over. Personally, I like to think that it is over. It could be there in some parts of the world but the global thing has ended. Many stock markets in the world have bounced back from their low levels and are now attempting to cross the earlier highs, which is very much possible in the next 1 or 2 years. Even in recession I was a bit happy thinking that it gave me a chance to buy some good stocks at throw away prices. The bulls are back. So keep thinking positive, thats the right way to look at it.