Lately we all have been listening a lot "Recession", "depression", "downturn","economy faltering" etc...So I thought for few days now on it and I'm concluding that brief "Recession" once in a while is probably a good thing to have ... most of the people would disagree but I say this because...
- A break to ever growing economy and high inflationary environment where money looses its value
- Price reduction of consumer goods- so people pay less (driven by less demand and high supply)
- More people start saving with higher saving rate; limited leverage of money...
- People learn to live good life with less things, feel more content and happy
- More family time and close bonding among them - probably less time in front of the TV:)
- People become appreciative of wealth and privileges that comes with it.
- Low inflation for a short while
- Industries rethink strategies and perform inventory control
- People tend to become more efficient, bring down the cost by reducing waste. Excess fat is trimmed off
- Reduction of interest rates
- Bit of worries comes with it as well but it brings various thoughts in one's mind, people usually become creative and innovative during such times.
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