Are we expanding now or are we entering a new global recession -

Group 3

GDP growth graph(Global)

Group 3 - Thought process

• The graph shows growth but 2014-15 is only a projection.• Projected global growth rate – 3.6%• Local structural reforms by countries to avoid the 2008-

09 situation.• Having said that, downside risks remains and it will be

difficult to measure if we are growing or not !• Global report on Manufacturing( by JP Morgan) has fallen

to a five-month low, but remained above its average for the current 16-month sequence of expansion.

Contd..

• So we conclude that we are not really expanding - at the same time we are not at a risk of moving towards another recession, at the moment – not as of now!!!

• Policy makers worldwide , however, are prudently trying to put all kind of regulatory framework(s) to ensure that we don’t go, where we boldly went in 2008-09.