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Monday, December 6, 2010

5 Guys who probably loved the Recession time..

Ok. Recession was probably seen by many people as a time where surviving and not getting fired was considered a surprise(ask the Americans). It caused negative growth of US economy. -2.5% to be precise. Even though recession reduced considerably, the after effects can be seen even today. Greece got a bail out. Now Ireland seems to be getting one. Even Portugal looks on the brink of drastic situation. Despite all this not all hated the recession. Few would considered it as a blessing.

1. CHINA/INDIA- India was affected by the recession but only to few sectors. Although the bull run of BSE reduced, economic growth remained unaffected largely. China's economy showed no signs of getting tamed. Lots of people have said the pole of world dominance moved towards Asia particularly to China & India during the era of the recession.

2. Of course how can anyone forget the employment consultancy services? I mean it was preety well depicted in Clooney's flick Up in the Air. These guys basically live to fire people. By recent estimates the industry grew by about 30% during the recession time.

3. Home industries who profited from the export of thousands of jobs abroad.

4. Cooking, gardening industries who benefited from the absence of so many jobs.

5. Ok this is controversial- Religious extremists in the West. Since many people got laid out, lot of them went for spiritual guidance and some of the unlucky ones landed in the extremists nests. They definitely had a field day..

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