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Recovering from the worst financial times

Monday, October 20, 2008
If we have a close look at the recent world economies and the after-effects of financial crunches felt by almost all of the world economies then it will not be wrong to conclude that the world markets have indeed taken a major setback and will take some time to recover.

To overcome the financial crunch situations, almost all the major world economies such as the United States, the United Kingdom, China and India have been trying hard to sustain their "unannounced war" against recession. These economies have been trying hard to put the much-needed liquidity by taking immediate financial reforms.

The fallout of eminent banks and financial institutions such as the Lehman Brothers, HBOS and Helifax have given huge tensions to all the world economies. This has even resulted in cost-cutting measures that have been adopted in some segments, which are hit the hardest.

However, one world economy that has proved its mettle and self-reliability is India. The country has been able to sustain its overall growth prospects despite the breakdown of all the major world economies.

However, the recent bailout plans by the United States and UK to bring much-needed respite to the world economies and its citizens have come as helping hands in these devastating times. Even though the bailout came a little late as was expected, still the sighs of relief have been like getting "sweet and cold coconut water" in a hot desert.

It can be surely said that the economies that have been almost whitewashed have been able to sustain themselves, with some hiccups. But, survival is more important than a sudden "demise" and the survival has been of an unprecedented class.

One thing that comes out as a positive point is that now the economies will be in a better position to encounter any similar issues in the future.
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