A further sinking economy
Since the start of the earlier parts of last year the face of the worlds economy was set to fall deep into a financial depression. Top economist predicted this would happen from as far as 3 years ago but did not realize how big the massive financial meltdown would be, and are shocked to see just how far the worlds economy has actually dropped.
Since the earlier parts of the year 2008 people didn’t quite realize how bad the economy was, not just in the UK, but all around the world from America to Zimbabwe. Job losses in the UK and US have been at an all time high and little is changing to shape up this break down. With predictions that the hole is only going to get bigger.
From January of 2008 compared to 2009 there has been a dramatic fall in all types of businesses and industry, with so many people having to take job cuts with many just having to lose their jobs. If you heard about the slow down in the economy last year and didn’t take notice , now would be the time that you start to notice. With the average food shopping budget shooting up by 10% , housing falling by 27% and still losing up to a £100 a day fuel reaching all time highs and so many jobs been lost. Industry and manufacturing is at all time lows and many other companies are struggling to stay alive, and having to watch many other companies around them go into administration this is not just a worrying time for politicians, banking is the hardest effected with the pound dropping to it’s all time lows.
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