Carrie Reinheimer September 26 2008 4:45pm
Ireland has now started to see a economic downturn into recession. “The country's economy has shrunk dramatically for the second successive quarter after undergoing a property meltdown”. This has lead the prime minister to travel to England to search deep into the problem. “Ireland had earned a top spot among the fastest-growing and richest European nations after a boom of double-digit growth in the 1990s. It has not experienced a recession since 1983 but the economy has taken a beating from the international credit crisis, the downturn in property and construction as well as high oil prices, a strong euro and increasingly weak consumer spending.”
Yet another country is starting to see economic downturn. This is starting to get kind of scary. In the United States George Bush had another plan to fix the US economy. I think that everyone is starting to freak out about the economy and is ready to see a better turn on every thing that is going on. What is going to happen next? Which country in next to go in to recession? Nobody really knows but we can only hope for the best.
http://business.smh.com.au/business/downturn-cages-the-celtic-tiger-20080926-4oyf.html
1 comment:
I agree people are starting to get scared. But i think that if they actually knew what was going on all along they would not be so scared.
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