Expected Economic Recession in 2012

ByDipanjan Mukherjee

What is the Chance of an Economic Recession in 2012?

It has not been more than a few years when the markets in almost the whole world experienced a steep downfall. It reminded many of the worst recession of the world's economic superpower. However, times changed and the graphs in the stock exchange markets were on the rise. But even before half a decade is over, the chances of another recession is looming large on the world economy. It has been somewhat confirmed that there pretty high chances of the US experiencing an economic downturn in 2012, as an effect of the European debt crisis.

Is a Dark Future Awaiting the Member Countries of the European Union (EU)?

There is likely to be a steep fall in GDP of the European countries in 2012. With the rise in the European debt crisis, the countries are likely to face severe economic recession. Even the European Financial Stability Facility (EFSF) package of more than €750 billion seemed to be too less to bail the member economies of the EU out of the recession. As per most of the economists, the chance of European recession in 2012 is more than 50%.

How is the Recession in 2012 Going to be Different from the one in 2011?

The economic recession in 2011 had already made the governments around the world a lot poorer. Hence, their chance of bailing out the industries of the recession 2012 seems low. Besides, there has not been any major industrial or economic growth globally since the slowdown of 2011. Hence, there is not likely to be any significant change in the major problem of the current economy, ie., joblessness. Besides, with the economies around the world not yet out of the effects of the recession of 2011, if this turns out to be a severe one, this is also going to affect major Asian economies as well. This is likely to add to the despair of the people around the globe and hence, is expected to give rise to severe protests, which are already visible.

Are These Really the Signs of the Imminent End of Capitalism?

There is a buzzword blowing in the wind - Capitalism is set to end; Socialism is the future. It is true that capitalism is in its worst crisis ever. Hence, efforts have been started to bail it out. According to the socialist leaders, this is the time when the capitalists will try to coerce the proletariat more and oppress them more and more to help capitalism come out of this crisis. Hence, protests have been started against the administrative systems as a whole, almost globally. The protests that started with the Occupy Wall Street Movement in the heart of the United States has gone beyond the shores and has been adapted globally, across various countries.

What's in Future?

The tough times are surely ahead for the people across the US, Europe, and other countries around the world. However, with the protests going on across the globe, the world is also expected to see an upheaval in almost all fields of life. Only time will tell whether a change, if any such thing occurs, will be for the better or worse of the common people.

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News and Society: Economics
Dipanjan Mukherjee

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MLA Style Citation:
Mukherjee, Dipanjan".".10 Jan. 2012EzineArticles.com.26 Jan. 2012 .APA Style Citation:
Mukherjee, D. (2012, January 10). . Retrieved January 26, 2012, from http://ezinearticles.com/?Expected-­Economic-­Recession-­in-­2012&id=6807720Chicago Style Citation:
Mukherjee, Dipanjan "." EzineArticles.com. http://ezinearticles.com/?Expected-­Economic-­Recession-­in-­2012&id=6807720EzineArticles.com© 2012 EzineArticles.com
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