dose economic crisis affect your life?

economic crisis - an economic crisis is hanging over the world.
November 17, 2008 7:54pm CST
now the whole world is undergoing an eonomic crisis.dose the crisis affect your life? i'm a chinese student and the only influence on me is to become interest in the economy.everyday i watch the economic channel to know the daily changes.maybe there will be more influences on me soon. what about you,my dear friend.
2 responses
@mykmari_08 (2466)
• Philippines
18 Nov 08
Well fortunately, I think it hasn't reached our country but I've heard some local economists say that it's not a farfetched idea that it will soon reach us here. I have heard from the local news that aside from other regions, some Asian countries namely Singapore and Japan, are now being affected by this economic crisis or 'recession' as they call it. Also, we have a lot of overseas workers who are basically depended upon in terms of finances by their families living here. Locally, it is believed that either displacement or shortening of working hours and days will occur. Even without this crisis, I'm afraid that early next year, I will be one of the many Filipino employees who will be displaced from our jobs because the company I'm currently working with for nearly four years now is planning to close until the first quarter of next year. Initially, it was set at December 31, 2008; but another request was made to the governing authorities. So, as early as now, I am trying to pay-off all our existing monetary obligations with various individuals and companies so that we don't have to worry about these when this crisis besets our country. Also on a personal note, I've been trying to minimize on public transportation costs through taking a less expensive mode of transportation and walking a hundred meters or a few more; eventually gaining much needed exercise in the process.
• China
18 Nov 08
i also heard the Japan is being affected by the crisis seriously,many japanese canceled their travel plan and more and more people prefer to eat at home rather than an restaurant. i hope we can overcome the crisis as soon as possible and restore the normal life.
@juhi06 (1850)
• India
18 Nov 08
hi dear friend in a way yes . when the things have got costlier i get affected . the gas , petrol and all other essential commodity prices rise and have hit the roof each one gets affected!! with the slow down other effects all are indirect ones!!
1 person likes this
• China
18 Nov 08
it seems that the price of essential commodity in China has not rise much,but there perssure of unemployment is bigger than before.