“ Recession ”

MEMBERS

Shraddha Rokade 7824

Ankita Shanklesha 7836
Lalit Varma 7854
 What is Recession

 “ Is decline in country ’ s GDP growth for two

or more consecutive quarters of a year . A
recession is also preceded by several
quarters of slowing down ”
 List of major Recession

Recession Name Recession Year Time Taken

Great Depression 1929–1939 10 years

1937 Oil Recession 1973–1975 2 years

Early 1980’s Recession 1980–1982 2 years

Early 1990’s Recession 1990–1991 1 year

Early 2000’s Recession 2001–2003 2 years

Early 2008’s Recession 2008- so on Continuing

 Origin of current Financial crisis

• Get the datat from global financial

crisis ppt
•
Causes of recession
Effects of recession

• Currency crisis Bankruptcies

• Energy Crisis Credit Crunches
• War Deflation
• Under consumption Unemployment
• Over production Foreclosures
• Financial crisis
• Price of fuels
 Effects of Recession on Developed
Countries

USA

 Effects of Recession on Developing
Countries

India



 Effects of Recession on under -
Developed Countries

• South Africa ( Zimbabwe )

Hyper Inflation In Zimbawe
One 200,000 dollar note equals less than US
$0.10 cents.
December 22nd 2007, a new note of 500,000 dollars
introduced to the market!
Next - 750,000 dollars.
January 2008 – a new note of 10 million
dollars.
This US $10 dollar note is 10 times worth more
than the 10 million dollars Zimbabwe note.
This guy is going to a supermarket…The exchange rate is 25
million Zimbabwe dollars for 1 US dollar.
This mountain of cash is worth 100 US Dollars.
The 50 Million dollar note is then introduced!
Next is the 250 million dollar note !
 Sorry, how much is this t-shirt?
- It’s cheap, only about 3 billion dollars!
May 2008 - a note of 500 million dollars is
introduced!
June 2008 - notes worth 25 and 50 billion dollars
are printed.
 And finally – a 100 billion dollar note!
What can you buy for it?  Well, 3 eggs for
example.
Paying the bill in a restaurant!
 In August, the government devalued the
Zimbabwe dollar by removing 10 zeros from
notes.
However, inflation kept going up and in September
2008 for this amount of cash you could only buy
4 tomatoes.
And for this - a loaf of bread.
And then it started all over again:   a 20,000 dollar
note in September, 2008
Then came a 50,000 Dollar note…….The 500,000 and 1,000,000 (new
currency) notes have been released 11 November 2008 courtesy
www.zimbabwesituation.com
The country's currency plunged to a new record low, trading at an average
 Z$28,4 quadrillion  to the US dollar and triggering massive price
 increases.
The hyperinflation is now estimated at over a quintillion percent, although
no one really knows.
All of which explains this notice in the toilets….