Global GDP growh to be less than 1%

Scary thought to be in a period where in the global GDP grows at less than 1% this was told in the UN " world economic situation and prospects 2009" . With major economies that contribute to the consumption in recession. US, Japan and Europe contribute to about 70% of the world consumption with these economies in recession the impact will be global.

Nomura saying that the Indian GDP estimate for this year is only 6.7% saying that their will be a sharp decline in the growth rate in Q4 and expects the growth rate to be mere 5 % in the next year.

Scary thought if this forecast turns true then 15% of the Indian workforce will be unemployed and the salaries will fall by 60%.

The tips that will help one to land in a new job during the recession are : Six tips to help you land a new job.

Still the outlook for India is good from many organizations so their is some thing to smile. God is with us as he sent a smiley tonight for all of us. :-)

GLOBAL ECONOMIC OUTLOOK
COUNTRY DATA

Country	Item	2001	2002	2003	2004	2005	2006	2007	2008	2009
India	Annual growth rate of real GDP, (%)	4.5	4.5	7.3	7.1	11.5	7.3	9.1	7.6	7.2
India	Annual CPI inflation rate, (%)	3.7	4.4	3.8	4	4.3	5.8	6.4	6.2	5.7