Τετάρτη, 26 Νοεμβρίου 2008

How Can The Economic Crisis Suddenly Affect To The Whole World ?


As you know in recent days we, all countries, especially European countries, have a big, maybe the biggest economic crise from the developed countries to developing countries. Whenever we watch the news on tv, we listen to the crisis in everywhere. One of the biggest bank of U.S.A.went to Bankrupcty ( e.x. Lether Brothers)and so many big banks which are in a diffucult situation ( e.x.city bank..) will go to Bankrupcty.

I am sure you know that Opel, Ford, Volvo which are so big Automobil Companies, are in a diffucult situation. Some of them survive with the help of goverment, but it is not enought for releasing, i think. About 2 months ago i woke up and read the newspaper which was written The lether Brothers went to Bankruptcy, immediately following the big economic problems had began and still going on. Although Turkey is a developing country, it hasn’t affected us as much as other countries , but we can not say that Turkey is in a bright situation, because it isn't.

Many Companies had to stop the Production for 3 months, some of them dismissed many employees. The banks dismissed employees as well or borrowed by Goverment.( e.x.Akbank). Dollar and Euro keep on inceasing. Every day is one more company is closed. The number of unemployed people is inceasing. The Credit payments can not be paid. The Economists say that 2009 will be worse. I can't understand how the Economy can change suddenly in a short time as 2 months. I only hope everything will be positive in short time.

Ladies and Gentlemen this is another post of Nevruz who i mentioned before... As you see she's so eager to write in this blog and she is expected to be another Turkish writer of this multinational Blog (even Ypokeimenikos' majority is Greek, we love to blogging here:)

7 σχόλια:

Burcu είπε...

Nevruzmu, as far as i can see, the company that u've been working is also under risk, right? And you are one of those employees who isn't paid her salary regularly due to that crise!

The villager: είπε...

Good blog ! I'm sorry I only speak English...

tzonakos είπε...

Hi Burcu,

Yes this will affect the whole world and I hope this will soon finish and things go normal again.
Turkey's economy was not good the past years but you can make it better and you have to do it.
Plus, it's better to live in an area with powerful countries.
My country, Greece called in english, had a very good growth rate but i'm afraid this government failed long before the world crisis.
We'll see, I hope not many people lose their jobs.

Glad to meet you.

Jernest** είπε...

Well... I´m glad you get to read my posts in english... that´s great!

Kisses!

lili11 είπε...

Economy always makes my head spin. I need an aspirin...

Max είπε...

Hey Nevruz!

Excellent article! It really informed me on the state of the Turkish economy, of which I had heard nothing about!

You asked how things could have changed in so little time; well, they can't...the economy has been giving signs that things would turn sour for 5 years...that is right: 5 years!
But I think that people decided to ignore, or thought that things wouldn't reach this state of affairs...but it did!

I can't explain why things happened this way, but I can say that it happens from times to times, and people seem to forget this when the economy is fine!

Congrats on this article :D!

Cheers

TOPolk είπε...

The economy is only going to get worse before it gets better. Though I will say that as far as effecting the industrialized countries (US, Japan, Canada, UK, etc.) this "recession" of sorts should last no longer than two years max.

What effect will that have on the rest of the world? Who knows? I will say that it's good advice to start saving money now. There may be more than a few "rainy days" coming up soon.