Global Economic Crisis.....

Philippines
April 29, 2010 1:39am CST
For me the economic scenario where the economics of countries all over the world have taken the beating.The GDP's of countries are going down are in-ve zone. There is severe liquidity crunch and countries and governments around the world are frantically taking steps to combat this issue.Banks have incurred huge losses. Their earnings came down.Financial institutions have gone bust or have been taken over by bigger organizations
1 response
alexysabelle
@alexysabelle (905)
• Philippines
29 Apr 10
all i know iane is here in our country, economic crisis are created by influential people. from shortage of rice, to shortage of flour, to el nino phenomenon, to fertilizer, ANYTHING. they are created. ask me why? because when there is crises or shortage on something the government will import. ans when there is an importation of anything to fill in the "supposed" shortage, corruption comes in, overpricing and all. we are living in a country of vast natural resource, of people who are resilient enough to cope with difficulties, of people who work hard and toil the land and endure difficulties without much. but we also have people who to TEND to abuse for the sole purpose of enriching themselves. crisis? nah... some created them...