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American economy in extreeme trouble?

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One bad thing never comes alone!

Several different accidents have struck the american economy at the same time. The result; the world’s greatest economy is in “an exceptional difficult period”, if one aske  the OECD.

What happened?

All of a sudden the real estate market crashed, the finance cricis struck and combined with high foodcosts prices these factors have lead to that the financial activities abruptly slowed down during 2008. The bad times for the americans are fare from done. OSED predicts that 2009 will been at least just as bad. The BNP is expected to fall by 1 percent, the private spending by 1,2 % and the unemployment rate is expected to rise from 5,7 % to 7,3 %. read more aboute the financial crises here

Written by admin

december 14th, 2008 at 5:28 pm

Posted in business

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