Global economic recession

Comparitve Study And Analysis on Global Economic Recession

In economics, a recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction.[1][2] During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, business profits and inflation all fall during recessions; bankruptcies and the unemployment rate rises.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
Source: Wikipedia

Global economic recession - Impact In India:
In india, There has been a economic slowdown. But not a Recession. Sure some indians have lost their job, but as per www.indianjobs.in, there have been numerous hiring in the country of india Recently.

Global economic recession - Impact In USA:

In the US a significant stock market drop has often preceded the beginning of a recession. However about half of the declines of 10% or more since 1946 have not been followed by recessions.[11] In about 50% of the cases a significant stock market decline came only after the recessions had already begun.

Source: Wikipedia,
Seeing at the Unemployment Rate IN USA, its a sad news that it may be reflecting the recession factors.
Current Unemployment Ratio (As of oct 2009)

9.5% of the labor force - Not seasonally adjusted - Oct 2009

Source: U.S. Bureau of Labor Statistics

Global economic recession - Impact In UK:

Unemployment Rate: 5.3% (2007 Est.)

According to https://www.cia.gov/library/publications/the-world-factbook/print/uk.html