Has the global economy well revived from the hard struck recession? If you say no, then this post will make you think twice.
The Australian economy has created almost 25000 jobs in the previous month and in December the unemployment rate is expected to go lower than 5.8%, the number which has been left unchanged since March 2009.
The IT giants have dusted their old display boards with the statement “Trespassers will be recruited”. The top IT giants have started recruiting experienced software professionals as the banking, insurance and automobile industries have remarkably recovered from the eclipse of recession. As a result of this the software arena is expecting more projects to pour in during the forthcoming quarters. It has been stated that more than half a million jobs are said to be available in the IT sector alone, across various MNCs from the start of November.
Europe, France and Germany have proved with their quarter2 GDP results that they too have revived from the worst struck recession since World Warr II. But the fact is that, the Euro zone nations lag from the rest of the world in the race of overcoming the recession.The Asia pacific countries which were comparatively least affected by recession, have also shown remarkable recovery with the interests rates going up and an overall growth rate of 0.6%.The United States department of Labor states that “On the last business day of September, the number of job openings inthe U.S. was little changed at 2.5 million”.
The overall data figures out that the global economy is showing good form of recovery from the recession. The global economy is expected to show a 5% growth in the forthcoming quarter and thus is in ways to eliminate the recession topics from the news patterns.
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