I've been following a lot about the world economy these few days. Many news have been reporting of a coming recession this year or end of this decade.
There were sayings that it is seasonal and recession comes every 10 years. I'm sure many remember the 1997 recession that hit the world so badly. Don't forget there was also a recession in 1987 back then, and another slight recession in 1977.
So the trend is, recession comes every 10 years, or to be more accurate, comes every end of a decade.
This is what economists speculate. They seem very convincing. So let's wait and see whether it's true.
Friday, March 21, 2008
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