Leaders must Pull Up their Socks to Deal with Recession in Europe

By: Rachita Sharma, Managing Editor | Thursday, 20 July 2023

The past couple of years have been a curve ball for the global economy. Starting from the global pandemic to the Russia- Ukraine war, global events in the recent past have brought with them major challenges for industries across the globe.

The European region has been at the receiving end of the hardships brought by aforementioned events which has caused the European economy to contractslightly at the end of last year and beginning of 2023. This was a direct impact of the loss of Russian natural gas and high inflation on consumer spending.

Based on data by the European Union’s statistics agency Eurostat, among the 20 nations that use the euro currency economic output dropped 0.1 percent in the final three months of 2022 and first three months of 2023 as compared to previous quarters.

This resulted in two consecutive quarters of decline which has led to a recession. The times are tough and the need of the hour is for governments and industries to pull up their socks to beat the recession lest it snowball into a deeper problem.

In the midst of tough challenges, it is the business leaders who have been working hard to run organizations successfully. The current edition of Women Entrepreneur magazine shines the spotlight on women leaders of Indian origin who have been the catalyst of growth and development.

Neelima Misra CEO, Daas Tek is one of the visionary leaders featured in the current magazine edition. Her story is inspiring as she overcame academic and cultural barriers to travel to 50 countries, gain diverse experience and start her own company, Daas Tek, which helps small and medium-sized businesses. Neelima’s story is a testament to the power of perseverance and determination. Her journey serves as an inspiration to aspiring entrepreneurs everywhere, reminding us that with hard work, dedication, and a clear vision, anything is possible.

Bhuvana Vijayan, Director of Engineering, Zenjob is another leader who is a part of the coveted list. Having held extensive experience in tech and leadership roles, she is an engineering leader and is currently enriching the staffing industry through Zenjob.

These talented women leaders are joined by the equally astute leader, HangamaWanner. She is a distinguished entrepreneur with a real vision. Based upon her decades of experience in the financial industry, she has been consulting global clients for many years delivering a fleet of world-class services. Combining vision with strategy, Hangama takes action to curb climate change through sustainable innovations and technologies born in her pioneering SASIT Laboratories. Today, as a visionary entrepreneur, she has successfully assembled her team of engineers, scientists, and innovators globally. With SASIT, she has entwined her financial industry know-how with serious science and technology.

We delve into the professional journeys of the aforementioned women leaders and take a deep look into what helped them succeed.

Do read on and let us know your thoughts.