What is Recession

Andrews
By Andrews

A briefing about Recession for those who have no idea...

By yano_08• 22 Jan 2009 17:08
yano_08

you had seemingly upheld yourself well above the competition..

then it's now time to tackle tougher challenges ahead. put your savings into work and invest wisely and always guard that from possible losses...

if all things goes with the plan, my current marathon will be finishing in coming fortnights. but i will not stop there, i will simply take a breather and prepare for the next one.... an "ultramarathon" maybe :)

all the best :)

By yano_08• 22 Jan 2009 17:03
Rating: 3/5
yano_08

my learned and implemented formula to long term wealth...

start from paying 10% to yourself first. it is definitely a tedious and boring process for a very long term.

and the objective is to increase the percentage at every turn of the year.

slowly but surely, gaining wealth financially and intellectually shall bear sweet returns at the end of the day. ;)

never loose hope, as if running a marathon, take the miles one by one by your own stride and keep on going forward, the challenges gets tougher as you gets farther, but if we held our ground, we shall see the finish line any time soon...

:) cheers!

By killjoy1975• 22 Jan 2009 17:03
killjoy1975

Well true enough Yano, but I am saving 50% of my salary each month...

Therefore I believe I will see the finish line before most!!

:) Cheers also!!

By killjoy1975• 22 Jan 2009 16:51
killjoy1975

Yes, but the thing is yano, if I kept holding it back and slowly accumulting, how would I ever get to a decent level if all things fall through here.

Saving hard now to ensure I don't need to lose out later. I wish people could also see the benefits as opposed to wasting all they earn here tax-free.

By yano_08• 22 Jan 2009 16:44
Rating: 2/5
yano_08

just take it slowly accumulating ... no need to hurry up.

the current trend will take some time to reverse. ;)

By killjoy1975• 22 Jan 2009 16:32
killjoy1975

So I am white swan then yano_08

At least I am useful for something!

By yano_08• 22 Jan 2009 16:28
Rating: 3/5
yano_08

theres two meaning for me;

it means good opportunity for those who had prepared for the rainy days. properties and stocks for example will drop down to "pit bargain levels". i call it "white swans"

but if you have no spare cash to dispose and no savings at all and burdened with huge debt, recession shall mean famine or the ones i called "black swans"

By ApolloC• 22 Jan 2009 16:21
Rating: 4/5
ApolloC

Recession is defined as 2 consecutive quarters of negative GDP growth.

9% growth forecast for Qatar for 2009 which is pretty optimistic but will be one of the best performing world economies this year.

By Arien• 22 Jan 2009 16:01
Rating: 2/5
Arien

Situation when GDP falls below zero

______________________________________________

Listen to Many..Speak to a few.

By killjoy1975• 22 Jan 2009 15:53
Rating: 5/5
killjoy1975

Recession is when two consecutive quarters of the Financial Year yield negative growth...

Simple, easy to understand...

Log in or register to post comments

More from Qatar Living

Qatar’s top beaches for water sports thrills

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.
Most Useful Apps In Qatar - Part Two

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.
Most Useful Apps In Qatar - Part One

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.
Winter is coming – Qatar’s seasonal adventures await!

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
7 Days of Fun: One-Week Activity Plan for Kids

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.
Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Places to enjoy Mango Sticky Rice in  high-end elegance

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.
Where to celebrate World Vegan Day in Qatar

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.