The recession is good for the economy. A recession means that there is a negative growth in GDP in a country during two successive quarters. During a recession people lost their jobs, companies go bankrupt and governments run deficits but these effects do not outweigh the positive effects of a recession.
Education
Education is feeling this sharply – whether you’re a school pupil, a university student, a teacher, a lecturer, a researcher, a library worker, an admin clerk, a canteen worker, or whatever, you have probably been confronted with the real effects of the current economic situation. This brief analysis of the effects of recession on education also includes the views of some students …show more content…
School fees that formed barriers to poor children attending school were abolished, construction of schools in underserved areas increased, as did recruitment of teachers, even if at the cost of hiring many underqualified educators. The crisis therefore comes at a time of impressive progress in getting more children into school, with primary school enrolments across sub-Saharan Africa and South and West Asia increasing at a much faster rate than in the 1990s. Within …show more content…
There is no impact among children with well-educated parents there is as much as a 25 percentage point reduction in the probability of wanting to go to university among children with low educated parents relative to children with high educated parents
Effects of youth unemployment on educational attitudes
When youth unemployment rises from 10% to 20%, the proportion of children whose parents have a positive attitude to schooling who wish to stay in education increases from 94% to 97%. The proportion of children who want to go to university increases from 84% to