American economy in extreeme trouble?
One bad thing never comes alone!
Several different accidents have struck the american economy at the same time. The result; the world’s greatest economy is in “an exceptional difficult period”, if one aske the OECD.
What happened?
All of a sudden the real estate market crashed, the finance cricis struck and combined with high foodcosts prices these factors have lead to that the financial activities abruptly slowed down during 2008. The bad times for the americans are fare from done. OSED predicts that 2009 will been at least just as bad. The BNP is expected to fall by 1 percent, the private spending by 1,2 % and the unemployment rate is expected to rise from 5,7 % to 7,3 %.
What needs to be done?
The has been much discustion as to wether the american government should take action, or if the country of the liberal market forces instead should stand back and let the market correct itself. The government has chosen to take action passing different financial helping packages supporting vital organs of the economy.
Hits the avarage consumer
The avarage consumer really suffers great loses with the financial situation being as it is right now. Many lose their jobs causes them not to be able to pay their bills, losing their homes. When will this evil spiral reverse?