This ppts is about Recession and its impact on it sector

1. Recession
By:Ayush Baiswar

2. RECESSION-MEANING
• A RECESSION is a decline in a country’s gross domestic product(GDP)
growth for two or more consecutive quarters of a year.
• A RECESSION is also preceded by several quarters of slowing down.
• RECESSION is the results of reduction in the demand of products in the
global markets.

3. How to know Recession
Indicators to say when nation is in Recession:
• People buying less products.
• Decrease in factory production.
• Growing Unemployment.
• An unhealthy stock Market

4. CAUSES OF RECESSION
• Currency Crisis
• Energy Crisis
• War
• Under Consumption
• Overproduction
• Prices of Fuel

5. Major sector affected by Recession
• IT and BPO
• Banking
• Real State
• Aviation
• Textile
• Automobile

6. Impact of Recession on IT sector
• The impact of Recession is unpredictable. The main effect of Recession
Is in IT sector and its mainly related to:
1. Jobless
2.Unemployment