2008 - 2009 we have faced the recession. A lot of us are affected by this recession. Some of us does not directly affected. It is always case-by-case. As the financial turmoil actually comes from US, it affected the whole world, especially industries dealing with this country, or country which affected by US.
As my past company's major business contribution is US and Europe, we (they actually) badly affected and everything has shrinking. A few factories need to be closed down and retrenchment is the only options they can take as last resort.
Some speculation might said that the economy is recovering. Yes, you can see some sign of recovery. But however, according to Warren Buffet, the recession might last for 8 years. What??? Why the hell it can be happening? There are a few explaination on this. But if you look at the 'changes' of Obama, you could not really see the improvement of the economy except trillion of USD is been printed out for the bailout.
If you want to read more of the explanation on some of the prediction you can refer here.
1 comment:
Don't stop posting such articles. I love to read articles like this. Just add some pics :)
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