The recession hit the World officially about 2 years back, and things have been haywire ever since. Now, even though the meltdown is over, the hurt lingers on and economies around the world are finding it hard to stabilize themselves, with the exception of Asia, however, it seems.

The Asian economies had not been hurt very much during the recession to begin with, but they were not all that immune as well. Now when we say "Asian", we basically mean the under-developed ones, not a huge economy like Japan. We mean economies like India and China, which have actually managed to come ahead in the race ever since the bigger nations have been slowed down due to recessions. So these economies, it is safe to say, are doing pretty alright.

And with the recession over and demand from around the world picking up, Asia is bound to do better!

Let's look at the biggest European and American economies now. It is not a secret that America was hit the most in the recession, followed by Europe. But while the former has managed to cope relatively well, the latter is still having a lot of issues. The problems of Europe as a whole can be attributed to economies of Greece and Spain. Actually, Greece the most.

The huge debt of the country and its pitiable financial condition are plaguing the entire European nation, including Britain which is not even a part of the Eurozone!

Things are getting better and by next year, the entire world is expected to rebound.