In economics, a recession is a general slowdown in economic activity in a country over a sustained period of time, or a business cycle contraction.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 recessions.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation
This had gave some significant implication to everone such as Bankruptcies, Credit crunches, Deflation (or disinflation) , Foreclosures, Unemployment. But was that effected me or not. Yes it is. Company that i work with announced it last month that we have to take 10 days unpaid leave which is automatically will decust our salary at 1.6 days everymonth. Wahhhh this give a very big impact to me where i need to pay parking ( which is RM9.00 / day- due to office relocation @ JLN Sultan Ismail) and deduction of 1.6 days from May till Nov 2009.
So take my self more comfortable, i will alway tell my self that , all this is dugaan dari allah. So better bershukur dengan job yang masih ada ini. Not some like a few of my friend yang dah kena retrench.
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