Economic slowdown, recession, lay offs, cost cutting; these are some of the "buzz" words, which have gained currency now a days due to poor economic conditions world wide.
People like me who are employed in the corporate sector are most hard hit. We have to live in a constant fear of insecurities and uncertainties, which are results of a deteriorating economy. The situation only looks grimmer with each passing day.
Many have lost their jobs, many have been forced to get their salary revised to a lower amount and there are many whose salary revision (of course, a raise) has been put on hold for an unknown period. (I am in the 3rd category and feel somewhat lucky than people in other 2 categories!!)
In simpler terms, the condition is not good and "recession" is being held as the main culprit!!
Now here is the twist; cost of living continues to inflate. Prices ranging from day to day to commodities to high end products are growing by leaps and bounds. "Recession" has not been able to check these prices. Really, I not have been able to understand the real economics behind this present situation.
It is a very confusing and tough situation for many of us; at one hand, source of income is being squeezed down but on the other, monthly expenditures and obligations are rising. How to bridge this gap is a million dollar question...
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