There are linkages between the microeconomic decisions made by managers and the macroeconomic environment. There are numerous examples from the current recession of company layoffs at the micro level, directly influenced by the decline in economic activity at the macro level. For this assignment, research this linkage. How did the recession impact businesses/managers at the macro and micro levels? Please incorporate economic concepts and terminologies. You may use the lay offs that happened in the oil and gas industry / firms in Singapore in 2016 for the discussion.
Macroeconomics and the Recession