With the markets throughout the world are moving downwards, and chief of all states are coming together and somehow with cold words stating that their economy is in recession. I was just googling around and found the list of some of the major recessions which had takne place in the recent past.
Recession definition : (Source Bnet)
a stage of the business cycle in which the economic activty is in slow decline. Recessions usually follows a boom, and precedes a depression.It is characteriszed by rising unemployment and falling levels of output and investment.
Here find the list :
1. Post World War Recession [3 Years]
2. 1929 Great Depression [10 Years]
3. Recession of 1953 [1 Year]
4. Recession of 1957 [1 Year]
5. 1973 Oil Crisis [2 Years]
6. Early 1980'2 recession [2 years]
7.Early 1990's recession [1 Year]
8. Early 2000's recession [2 Years]
Thanks&Regards,
Mohit
Monday, October 27, 2008
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