Business Academic skills
The economic downturn of 2008 bought about a crippling effect on the US economy as well as most of the world economies around the globe. It brought the development activities and real estate markets down and took back the economies by a few years. In hindsight, the analysis of the downturn also provided clues as to how the economy could be revived. This paper reviews the literature available and also the methods described as part of ‘New Economy’ to understand ways to revive the global economies from downturn.