Posts Tagged ‘Economy’

Can Double-Dip Recession hit Game Industry ?

January 18, 2010 Leave a comment

A very idiotic question as per current economic situation !! Well be prepared as this topic can become popular and may turn into a reality in coming times as there is fears of double dip recession which can cause more economic turnarounds resulting in another round of job cuts and added unemployment.

The developing Game Industry survived the first wave of economic downturn with some bruises like reduction in production of games on year on year (YoY) basis and also cementation in number of employees. It has restarted its expansion programs and hiring of new employees as the economy is stabilizing.
But it is very certain that it won’t be able to withstand the second wave as its requirements of large capital base will not be met due to unhealthy economic concerns. The major consequences will be job cuts and more unemployment and even less production of games.