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The world economies are not doing well at present. The American economy of 16 trillion dollar has only 2% growth in GDP which can generate only about 3 million jobs which are not sufficient in the context of job loss during the recent recession. It brings about only 60 billion dollars in treasury by way of taxes. While America requires more income in order to reduce deficit and avoiding cuts in expenditure. The American economy should grow with double growth in order to create double growth of employment. However majority part of American population are too young and too older. It is also creating problem of productivity which comes in the way of growth.
The Chines, Japanese and German economies which are considered to be one of biggest economies in the world are also suffering growth point of view.
Besides that Indian economy is also suffering and its GDP growth is expected to be at 5.5%. Its production growth is only 2%. India's export growth has also decline by 1% while import has grown by 6.99%. The current account deficit has also increased which is point of worries. The rupee is also loosing value and stands to rupees 60 against one dollar. The Rupee stands the lowest in the terms of value after independence.
The Economical recessions, Natural calamities and disasters have wounded most of the Economies It will requires collective efforts of whole world to recover thereon.
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