There are some economic times that are better than others, and there are also times that are much worse than others. It is true that the stock market crash in the United States was one of the worst since the Great Depression, but the United Kingdom also experienced its own economic times that have proven to be much more difficult for those struggling with the post-recession state of affairs. These two countries have found themselves in a fierce struggle for their markets, and both have found themselves teetering on the edge of financial ruin – much like the American economy. The best advice that can be given to both of these countries is the same: Do whatever it takes to avoid such a situation.
Even though the UK and US are teetering on the edge, they still have a chance at coming out on top, through a number of factors. For one thing, both countries have robust economies. As such, both are able to offer a high quality of life – including health care, education, and the infrastructure needed for a healthy population. This means that both have much better living standards than their peers. When coupled with a strong currency and low interest rates, this means that both are much better able to weather bad economic times.
However, these same economic times are proving to be much tougher on the economies of these two countries. Both are feeling the negative impact of the global recession, which is causing a wave of negative economic news around the world. The United Kingdom is currently facing a recession in the banking industry, which has resulted in thousands of job losses. The same can be said of the US, where the home job crisis is proving to be much worse than originally thought. While there are no official numbers, many experts have estimated that between one and three hundred thousand jobs have been lost. The result is a loss of jobs and lower economic growth.
If these two countries were not facing economic times of significant stress, then their growth rates might be higher. The unemployment rate in the UK is expected to rise above the benchmark level of around eight percent. The result is a weaker economy and a weaker British Pound. This will have a significant effect on consumer spending. As inflation rises, the cost of essentials such as food, fuel, and housing increases as well.
The major financial institutions are already feeling the pressure of high inflation and low economic growth. In the US, mortgage lenders are warning that they may need to increase their lending criteria considerably due to the strength of the current economic times. As a result, this could cause mortgage repayments to increase significantly, further crimping household budgets. For this reason, the credit crisis will continue to affect the global economy. While the economic times in both countries are proving to be challenging, the prospects for recovery are considered to be highly doubtful at this time.
The good news for the economies of these two countries is that despite the global spotlight being focused on them, their respective markets have been able to survive the turbulence. They are both proving to be resilient and remain strong in the face of high inflation and relatively low economic growth. It is unlikely either economy will see major difficulty in the current economic times headlines. Both seem to be benefiting from the current global economic slowdown to a very large degree. However, the potential for negative impacts on either economy does exist.
The Economic Times – YouTube – economic times headlines | economic times headlines
News Headlines: Get the News Headlines Today, Breaking News – economic times headlines | economic times headlines
EditIndia: Indian Media Journalism Website: Economic Times – economic times headlines | economic times headlines
Economic Times on Twitter: “Economic Times: Todays Headlines ” – economic times headlines | economic times headlines
The Economic Times – Wikipedia – economic times headlines | economic times headlines
Business News Today: Read Latest Business news, India Business – economic times headlines | economic times headlines
Tinu Cherian @ UST on Twitter: “Compare todays Economic Times – economic times headlines | economic times headlines
One of the best things in life is seeing a smile on your parents' faces, and realizing that you are the reason. Just because someone else is not nice to us, doesn't mean we have to reciprocate in the same way. For every human in this world, God has given something noble and good in his heart. Always take care of your heart.
Do you want to have an economics part time job? It is one of the most sought after jobs for college students. And it is not as easy as it looks. However, if you get that first job or apply and get accepted by a private or government agency, then things will work to ...
In economic times young leaders must really step up to the plate and make some tough decisions, but also understand that they have a responsibility to their company and to each other to do what they can to grow their businesses. This is one of the most important leadership tests that I have ever ...