At 12:39pm on November 24, 2008, Kevin Cooper said…
Hi Shweta - Good to hear from you. Was in canada on a vacation. Hope you'r e doing great.
The U.S. trade gap shrank to $56.5 billion in September as the exchange of goods and services with the rest of the world slowed sharply, offering further evidence of the global economic slump.
The dollar has been strengthening in recent months, which makes foreign-made goods relatively cheaper than those from the U.S. It's probably too early to see much impact from foreign exchange on exports or imports because it usually takes many months for buyers and sellers to adjust.
FEARS of a global economic downturn hampered investors as top US bankers confirmed that the US was indeed in recession.
A significant proportion of business failures are the result of poor cash flow. Already this year we have seen an amazing increase in failures.
"A global recession means less trade" Real Estate hasn't seen a great failure as now, but will slow down in a long run.
Approximate forecast for the economic turmoil is 2 years, but I feel changes will appear soon I believe.
Hey Shweta -- read your comment about the economy crisis -- your comment makes sense -- how does the indian economy prepared for this recession?? lessons to be learnt??
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The U.S. trade gap shrank to $56.5 billion in September as the exchange of goods and services with the rest of the world slowed sharply, offering further evidence of the global economic slump.
The dollar has been strengthening in recent months, which makes foreign-made goods relatively cheaper than those from the U.S. It's probably too early to see much impact from foreign exchange on exports or imports because it usually takes many months for buyers and sellers to adjust.
FEARS of a global economic downturn hampered investors as top US bankers confirmed that the US was indeed in recession.
A significant proportion of business failures are the result of poor cash flow. Already this year we have seen an amazing increase in failures.
"A global recession means less trade" Real Estate hasn't seen a great failure as now, but will slow down in a long run.
Approximate forecast for the economic turmoil is 2 years, but I feel changes will appear soon I believe.
Kevin.