{"id":3814,"date":"2016-06-21T20:35:34","date_gmt":"2016-06-21T15:05:34","guid":{"rendered":"http:\/\/13.201.39.237\/?p=3814"},"modified":"2016-06-21T20:35:34","modified_gmt":"2016-06-21T15:05:34","slug":"finance-ministry-indian-government-economic-recession","status":"publish","type":"post","link":"https:\/\/www.arre.co.in\/?p=3814","title":{"rendered":"Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession"},"content":{"rendered":"\n\u00a0\n<p><span class=\"dropcap\">V<\/span>ariety, they say, is the spice of life \u2013 but predictability is the staple diet we all feast on. Much of the world finds solace in some form of routine. There\u2019s an Olympics every four years, a new iPhone release every six to eight months, and once a quarter <\/p><a href=\"https:\/\/www.arre.co.in\/politics\/rahul-gandhi-birthday-48-congress\/\"><span style=\"font-weight: 400;\">Rahul Gandhi<\/span><\/a><span style=\"font-weight: 400;\"> says or does something so monstrously silly that for a brief moment, the whole nation is united even without a 600-foot statue.<\/span>\n\n<span style=\"font-weight: 400;\">For this reason, recessions are prickly beasts. A recession is like the next season of <\/span><a href=\"https:\/\/www.arre.co.in\/pop-culture\/game-of-thrones-holi-hbo-marvel-dc-batman-superman-eid-christmas\/\"><i><span style=\"font-weight: 400;\">Game of Thrones<\/span><\/i><\/a><span style=\"font-weight: 400;\">. We don\u2019t quite know when it\u2019s coming, but when it does come, there\u2019s going to be a lot of blood and gore and some key players are going down. In fact, studies might show that we have lost roughly one investment bank for every Stark killed. I kid, of course. If anything, investment banks are more like Jon Snow, considering so many have been brought back to life by government bailouts.<\/span>\n\n<span style=\"font-weight: 400;\">If you\u2019ve been following the news lately, you know two things for sure. First, even if you don\u2019t want to admit it, you know who made <\/span><a href=\"https:\/\/www.arre.co.in\/bollywood\/priyanka-chopras-asthma-love-for-animals-disappeared-wedding\/\"><span style=\"font-weight: 400;\">Priyanka Chopra\u2019s wedding<\/span><\/a><span style=\"font-weight: 400;\"> dress. And second, there is an impending feeling of gloom regarding the coming of the next recession. <\/span>\n\n<span style=\"font-weight: 400;\">The basis for this squeamish foreboding lies in a number of factors. Chief among them is that it\u2019s been a while since the last one so maybe the next one should just hurry up and get here. In some sense, it\u2019s starting to feel less like a full-blown crash and more like watching the white walkers take seven years to reach the wall. The recent <\/span><a href=\"https:\/\/www.arre.co.in\/satire\/rbi-governor-urjit-patel-government-arun-jaitley\/\"><span style=\"font-weight: 400;\">resignation of the RBI governor<\/span><\/a><span style=\"font-weight: 400;\"> has only added fuel to this wildfire. One wonders whether we might look back on this as the inflexion point for when it all went south.<\/span>\n\n<blockquote class=\"quote--center\"><p>In some sense, it\u2019s starting to feel less like a full-blown crash and more like watching the white walkers take seven years to reach the wall.<\/p><\/blockquote>\n\n<span style=\"font-weight: 400;\">Regardless of the exact timing, since 2008, the world has somehow stumbled along, avoiding one pitfall after another. Now we just feel our luck might be about to run out.<\/span>\n\n<span style=\"font-weight: 400;\">Take Europe for example. It\u2019s rather obvious that their <\/span><a href=\"https:\/\/www.arre.co.in\/satire\/a-new-guide-to-understanding-global-economy-gst-bill\/\"><span style=\"font-weight: 400;\">economies<\/span><\/a><span style=\"font-weight: 400;\"> have only been held afloat by Germany and France. In 2012, when Greece threatened to pull out of the Euro, it nearly brought everything crashing down. But everyone kissed and made up (this is Europe, so maybe that was not purely figurative) and the inevitable was pushed forward a few years. <\/span>\n\n<span style=\"font-weight: 400;\">Then in 2016, there was <\/span><a href=\"https:\/\/www.arre.co.in\/pop-culture\/paddington-2-movie-review-brexit-hugh-grant\/\"><span style=\"font-weight: 400;\">Brexit<\/span><\/a><span style=\"font-weight: 400;\">. Again, things looked like they might cascade. But just when we thought we were ready to jump off the deep end, Donald Trump happened. The sheer distraction of the world\u2019s largest superpower electing a man with a fidget spinner for a brain and Fanta for blood put everything else on hold. Brexit went from blunder of the year to whimsical British error in judgement. Against Trump\u2019s tomfoolery and challenging nuclear superpowers and excusing Saudi excesses, Brexit has been allowed to play out in the background like an episode of <\/span><i><span style=\"font-weight: 400;\">Fawlty Towers<\/span><\/i><span style=\"font-weight: 400;\">.<\/span>\n\n<span style=\"font-weight: 400;\">In so many ways Trump\u2019s sheer stupidity and unpredictability have kept the next recession at bay.<\/span>\n\n<span style=\"font-weight: 400;\">When you think about it, every recession has been preceded by a sustained build-up of economic euphoria. <\/span><a href=\"https:\/\/www.arre.co.in\/pov\/jomo-over-fomo-how-to-find-the-joy-of-missing-out\/\"><span style=\"font-weight: 400;\">#FOMO<\/span><\/a><span style=\"font-weight: 400;\"> sets in as companies scramble to make the most of unrealistic valuations and a bubble starts to form. It usually takes some catastrophic explosion for reality to filter in and panic to take over. Think the sub-prime lending crisis in 2008\u2026 or the launch of Harman Baweja\u2019s acting career, also 2008. Both the 2000 Dotcom bust, and the 2008 recession played out in this manner. Ubiquitous is the banker that haplessly exclaims: \u201cWere it not for Harman, I\u2019d be retired in the Bahamas by now!\u201d<\/span>\n\n<blockquote class=\"quote--center\"><p>In so many ways Trump\u2019s sheer stupidity and unpredictability have kept the next recession at bay.<\/p><\/blockquote>\n\n<span style=\"font-weight: 400;\">By keeping us (and quite possibly, himself) guessing what he\u2019ll do next, Trump has made a habit of setting off small- and medium-sized explosions every few weeks, so that the euphoric momentum hasn\u2019t had a chance to build up. But before we get excited that there might actually be some good to Trump, we need to address the other orange elephant in the room. The US national debt is getting out of hand, thanks among other things, to Trump\u2019s generous tax plan. The US government owes so much money that <\/span><a href=\"https:\/\/www.arre.co.in\/humour\/vijay-mallaya-extradition-indian-government-air-india\/\"><span style=\"font-weight: 400;\">Vijay Mallya<\/span><\/a><span style=\"font-weight: 400;\"> probably has a poster of the US national debt on his wall for motivation. Trump has himself admitted he does not really care about the debt, because by the time it all implodes, he won\u2019t even be around.<\/span>\n\n<span style=\"font-weight: 400;\">Between the mounting US debt, Europe\u2019s procrastination, Brexit, and a trade war with China, the cards do seem to be stacking up for one big collapse. <\/span>\n\n<span style=\"font-weight: 400;\">Back at home, with an election looming, there is every chance the <\/span><a href=\"https:\/\/www.arre.co.in\/humour\/rbi-vs-government-bjp-bank-money\/\"><span style=\"font-weight: 400;\">government<\/span><\/a><span style=\"font-weight: 400;\"> will look to pump more liquidity into the market. The recent setback in state elections will only spur them further to up spending and ease banking regulations so credit is more accessible. If you\u2019re wondering why the number of calls for \u201cunsecured loans\u201d have suddenly spiked, there\u2019s your clue. The best part about the 2008 recession was that for two glorious years, no one called me asking if I wanted an unsecured loan. It got lonely after a while, but overall, it was a good thing, because <\/span><a href=\"https:\/\/www.arre.co.in\/humour\/moocher-friends-people\/\"><span style=\"font-weight: 400;\">friendships<\/span><\/a><span style=\"font-weight: 400;\"> made over unsolicited calls rarely end well. They act as if they really like you, but call them in the middle of the night to discuss your fears and insecurities and suddenly it\u2019s all \u201cSir, let\u2019s be professional\u201d and \u201cWait, how do you know <\/span><i><span style=\"font-weight: 400;\">my <\/span><\/i><span style=\"font-weight: 400;\">mother\u2019s maiden name?\u201d <\/span>\n\n<span style=\"font-weight: 400;\">Of late, the frequency of these calls has picked up again. This is worrying both because it points to macroeconomic over-exuberance and also as I\u2019m in a place in my life right now where I really need a new friend. But mainly it\u2019s the macro issue. The idea that <\/span><a href=\"https:\/\/www.arre.co.in\/humour\/survive-visit-bank-seventh-circle-hell\/\"><span style=\"font-weight: 400;\">banks<\/span><\/a><span style=\"font-weight: 400;\"> are so eager to lend easy money \u2013 especially when the banking system is already shakier than a Shakira dance number \u2013 should concern us.<\/span>\n\n<span style=\"font-weight: 400;\">Recessions are like black swans. They\u2019re rare, come out of nowhere, and people <\/span><a href=\"https:\/\/www.arre.co.in\/pov\/punctuality-productivity-debate-indian-office\/\"><span style=\"font-weight: 400;\">frown<\/span><\/a><span style=\"font-weight: 400;\"> upon you when you say they look delicious. The fact that we\u2019re expecting one is perhaps one reason we should feel safe that it may not happen any time soon. But there\u2019s enough ammo built up that even if we don\u2019t see an explosion, we may be in for a long, slow, painful, white-walker-type burn. <\/span>\n\n<span style=\"font-weight: 400;\">PS: Jaikumar from PNB: If you\u2019re reading this, please call. Can we be friends again? I need a <\/span><a href=\"https:\/\/www.arre.co.in\/pov\/farmer-agitation-loan-waiver-debt\/\"><span style=\"font-weight: 400;\">loan<\/span><\/a><span style=\"font-weight: 400;\"> and have no security. From what I hear, this is exactly how PNB likes it\u2026 what?&#8230; too soon? <\/span>\n","protected":false},"excerpt":{"rendered":"<p>Recessions are like black swans. They\u2019re rare, come out of nowhere, and people frown upon you when you say they look delicious. Is the next one staring us between the eyes? Because it\u2019s been a while since the last one so maybe the next one should just hurry up and get here. And Urjit Patel\u2019s resignation has not helped things.<\/p>\n","protected":false},"author":309,"featured_media":3815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6984],"tags":[2256,475,2880,4058,2368,5958,3367,19,7147,1179,1682,7148,1081,1180],"class_list":["post-3814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-matters","tag-bjp","tag-brexit","tag-congress","tag-economy","tag-elections","tag-europe","tag-government","tag-india","tag-priyanka-chopra-wedding","tag-rahul-gandhi","tag-rbi","tag-recession","tag-trump","tag-vijay-mallya"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession<\/title>\n<meta name=\"description\" content=\"Recessions are like black swans. They\u2019re rare, come out of nowhere, and people frown upon you when you say they look delicious. Is the next one staring us between the eyes? Because it\u2019s been a while since the last one so maybe the next one should just hurry up and get here. And Urjit Patel\u2019s resignation has not helped things.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/13.201.39.237\/?p=3814\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession\" \/>\n<meta property=\"og:description\" content=\"Recessions are like black swans. They\u2019re rare, come out of nowhere, and people frown upon you when you say they look delicious. Is the next one staring us between the eyes? 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And Urjit Patel\u2019s resignation has not helped things.","twitter_misc":{"Written by":"Adhirath Sethi","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"http:\/\/13.201.39.237\/?p=3814#article","isPartOf":{"@id":"http:\/\/13.201.39.237\/?p=3814"},"author":{"name":"Adhirath Sethi","@id":"http:\/\/13.201.39.237\/#\/schema\/person\/4c31442fba494aba716ba633a98a6b74"},"headline":"Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession","datePublished":"2016-06-21T15:05:34+00:00","mainEntityOfPage":{"@id":"http:\/\/13.201.39.237\/?p=3814"},"wordCount":1173,"image":{"@id":"http:\/\/13.201.39.237\/?p=3814#primaryimage"},"thumbnailUrl":"https:\/\/www.arre.co.in\/wp-content\/uploads\/2026\/07\/1544690939.jpg","keywords":["bjp","brexit","congress","economy","Elections","europe","government","India","priyanka chopra wedding","rahul gandhi","rbi","Recession","trump","Vijay Mallya"],"articleSection":["Money Matters"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"http:\/\/13.201.39.237\/?p=3814","url":"http:\/\/13.201.39.237\/?p=3814","name":"Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession","isPartOf":{"@id":"http:\/\/13.201.39.237\/#website"},"primaryImageOfPage":{"@id":"http:\/\/13.201.39.237\/?p=3814#primaryimage"},"image":{"@id":"http:\/\/13.201.39.237\/?p=3814#primaryimage"},"thumbnailUrl":"https:\/\/www.arre.co.in\/wp-content\/uploads\/2026\/07\/1544690939.jpg","datePublished":"2016-06-21T15:05:34+00:00","author":{"@id":"http:\/\/13.201.39.237\/#\/schema\/person\/4c31442fba494aba716ba633a98a6b74"},"description":"Recessions are like black swans. They\u2019re rare, come out of nowhere, and people frown upon you when you say they look delicious. Is the next one staring us between the eyes? Because it\u2019s been a while since the last one so maybe the next one should just hurry up and get here. And Urjit Patel\u2019s resignation has not helped things.","breadcrumb":{"@id":"http:\/\/13.201.39.237\/?p=3814#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/13.201.39.237\/?p=3814"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/13.201.39.237\/?p=3814#primaryimage","url":"https:\/\/www.arre.co.in\/wp-content\/uploads\/2026\/07\/1544690939.jpg","contentUrl":"https:\/\/www.arre.co.in\/wp-content\/uploads\/2026\/07\/1544690939.jpg","width":1520,"height":850},{"@type":"BreadcrumbList","@id":"http:\/\/13.201.39.237\/?p=3814#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/13.201.39.237\/"},{"@type":"ListItem","position":2,"name":"Finance Ministry to Announce Much-Anticipated Release Date for Next Economic Recession"}]},{"@type":"WebSite","@id":"http:\/\/13.201.39.237\/#website","url":"http:\/\/13.201.39.237\/","name":"Arr\u00e9","description":"In every person lies a creator and in every creator, an enterprise.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/13.201.39.237\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"http:\/\/13.201.39.237\/#\/schema\/person\/4c31442fba494aba716ba633a98a6b74","name":"Adhirath Sethi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/8e43962f1f859b5a8f090b6bdd0b71a056d01d759e14507a529fdaa6bf4aeec0?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8e43962f1f859b5a8f090b6bdd0b71a056d01d759e14507a529fdaa6bf4aeec0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/8e43962f1f859b5a8f090b6bdd0b71a056d01d759e14507a529fdaa6bf4aeec0?s=96&d=mm&r=g","caption":"Adhirath Sethi"},"url":"https:\/\/www.arre.co.in\/?author=309"}]}},"jetpack_featured_media_url":"https:\/\/www.arre.co.in\/wp-content\/uploads\/2026\/07\/1544690939.jpg","_links":{"self":[{"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/posts\/3814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/users\/309"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3814"}],"version-history":[{"count":0,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/posts\/3814\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=\/wp\/v2\/media\/3815"}],"wp:attachment":[{"href":"https:\/\/www.arre.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arre.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}