Katrina Shankle/ Sun. May 4, 2008/ 8:42 pm/ Global Economics
Not only are poor countries suffering the hardships of the global economy as it passes through hard times, rich countries are also suffering. Economists are theorizing that the global economy is in the worst shape it's endured in sixty years and resembles the chaotic situation the global economy was in shortly after World War II.
Global inflation is rampant and raising stability threats to a severe level in many countries. The price of foodstuffs and oil are the culprits behind many of the inflation waves attacking countries.
In countries like Iran, global inflation is affecting about twenty percent of the economy. This is caused mainly by goods being imported.
http://www.mehrnews.com/en/NewsDetail.aspx?NewsID=675990
No comments:
Post a Comment