A recession is defined as GDP (Gross Domestic Product) growth slowing down. During recession economy and businesses stop expanding, employment falls, people get laid off, and unemployment rises. A general slowdown in economic activity over a sustained period of time has brought depression and distrust in the people. The situation is worst in engineering and banking field.
There is large cut down, no one feel safe because pink slip can be shown to them any time.
Unemployment is the greatest fear of any man. Economic downturn has forced me to change direction. But one has to adjust according to the circumstances. In order to survive in this economic meltdown one should be more flexible, should keep improving his skills, should be ready to travel anywhere, and should go beyond their sector. In this recession time your resume should be your tool which will make you unique from the crowd. So never have a fixed mind set in the time of economic meltdown.
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