Recession was not GOOD enough?

摘要

It seems the global recession is getting over. It surely seems to have bottomed out in Asia and America, though Europe still looks a little uncertain. India, where it was at best a slowdown, also seems to be getting over it.rnThat is good news. Or is it?rnThere is one strong reason why I feel it is not. Every recession brings with it some positive, permanent changes that makes the businesses and economy more efficient and productive. This recession-which was unique in the sense that it affected the wealthy and affluent more than it did the common man, at least in emerging economies like India-did not last long enough to decisively tell us whether some of the new experiments that businesses had resorted to counter slowdown were successful or not. With the pressure easing off, people are leaving many of those experiments half way.