Should India be able to decouple itself from US Subprime Impact?

Monday, September 17, 2007

Will India catch a chill of US recession?

Three economists go hunting. They come across a large deer. The first economist fires, but misses, a metre to the left. The second also misses, a metre to the right. The third does not fire, but shouts, "We got it! We got it!"
Bad rap? How about this. Economists can’t agree on what is a recession, let alone if there is one, and if so when it began, ended or will end. Some economists define recession to be a period of two successive quarters of negative GDP growth.

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