Sunday, June 21, 2009

RECESSION

What is RECESSION? In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction.[1][2] During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recession. (taken from Wikepedia)
In UAE, recession is really a big issue, some of the company have been closed due to recession. A lot of expatriates (nepali, indians, sri lanka, filipino ets.) send home because they were terminated from their jobs. I am not yet sure if I am going to stay here in my company as the management told us the company is sinking, sales going down and needs to reduce manpower or better yet cost cutting.
I am afraid of course, If ever I will go back to my country, what will be my future, do I have a job waiting for me there or I will be included in the population of unemployed. Can I build small business in my country??? Where the hell will I get capital. Fuck that future, Why it keeps on controlling me? I want to wake up one day and to see myself controlling the whole world. Where is Superman? Batman and other hereos who can help me to control the whole universe.
No, those superheroes are just came from wild imagination and it is’nt not true and it will never come into reality.

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