Manning the barricades
Economist Intelligence Unit
In the month of march Economist Intelligence Unit have issued a special report about the economic distress of the world –Manning the barricades, so I’m gonna point out some notes from the this report.
Collapsing credit has plunged the world economy into the deepest recession in more than 70 years. What began as a property bubble in the US has spread rapidly as troubled banks have stopped lending and consumers and businesses
have stopped spending. As demand in the US and Europe evaporates, once thriving emerging markets are losing their best customers and biggest investors. An increasingly synchronised global economy will contract in 2009 for the first time since World Wa r II .