Most countries are officially in recession by now. This technically means 2 consecutive quarters with negative growth. That cannot be said of China who still enjoys about 6% growth, that is nevertheless too low to absorb the flow of new workers coming out of universities.
2008 kicked off the recession, 2009 – if we are lucky – will be the bottom of it. We are in it for the long run, and maybe from 2010 we will see a very stagnant world economy, producing no growth for a few… Continue