There are without a doubt numerous cause of recession,and have been over the years. But in. Sense the cause is no great importance during most recession it caused it but is not fueling it.
What fuel a recession is very similar world wide and though history.
High unemployment
Shrinking wages
All feed into low consumer and business coincidence and keep fueling the downward slip.
I blame to a certain degree the media for this why?
They report with glee all the bad recession news in great detail fueling ever lowering consumer with. Come lower spending in shops and all that follows that.
Yes they need to report the news but how about finding in times of recession a positive financial new story to boost moral. It will possible speed up recovery as consumer confidence is a big factor in this and the news play a big factor in effecting consumer confidence not the only one but a big factor never the less.
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Wednesday, 26 February 2014
Recessions and the media
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