Thanks for the info..I only had knowledge about the great IT slump in Y2K... Good i didnt take Economics as a subject..
Well, Serbia (where I come from, though I live in the US) is currently mostly unaffected. I mean, the stocks are down, but the life is all the same. Currency is pretty strong, economic growth remained the same. Move to Serbia
I tend to agree with mega b, that Arab countries are least hit and they are enjoying the high crude oil price. It is high time an alternative to crude oil is found toe have less economic slowdown.
Sadly, when major powers fail every economy is affected. The US helps out so many other economies around the world that when the US fails, so will many many others. People are saying that oil producing nations are doing ok, but what happens when the largest consumer of oil can no longer afford your offerings? No one is safe from this.
Just like Google will always be #1, right? Are people that close minded to live in a fantasy world and truly believe that things DO NOT CHANGE? You can't always be #1 forever... and while the thought of the USA being anything rather than #1 makes me shake, I'm realistic and understand that things aren't always as they are perceived. Do you even live in the USA to know the type of shit we're currently going through? I just hate it when people feel things in life are immortal and never changing. http://www.youtube.com/watch?v=ljbI-363A2Q
I think all countries will be affected in these times but arab oil rich countries going to gain as oil prices are sky rocketing.
All countries that are on the upward movement of the economic graph will be affected and the impact will be limited in case of least developed countries...
? Crude oil went from +100 a barrel to 80 a barrel. How are the Arab countries not affected by this...... Anyways, The answer to your question is........ Antarctica!!!!! (It's a joke, but it's true unfortunately)
U.S.A is the country that's bringing every other country down... In Australia we would still be in strong growth if the whole world wasn't shutting down on us
Dont think USA is the biggest power now...USA is the country which is suffering the most...Condition in US is the worst this time...Sorry to say but thats the sad truth... Rightly said..I have my relatives living in US , and just by chatting to them i get to know the pain they are going through..
yes Id have to agree with the Arab states will be least affected they do have their banking house in order and the oil revenue will support the economy
I absolutely agree. Do you think Romans were thinking of a downfall during the acme of the Roman empire? What about Napoleon? Mongolia? Alexander the Great? Every empire has fallen and will fall. It's just the matter of time.
Surely not Italy...here the situation was REALLY bad before this crisis, figure...we have one of the largest public debt (I hope the translation is correct) of the entire world.
My Opinion: All Poor Countries (Third/Second World Countries won't be Affected), Because their economy is not SO connected to the outer world