The happy end of the world economy crisis?
It’s the biggest event that concerned and affect all the countries of the world since the Second World War. Certainly, effects are different but not really any less serious. The World Bank’s bill of loss amounts to 1.4 billiards of dollars.
No death like would be in war, but companies closing down, banks going bankrupt, and the logical aftermaths: job cuts. The unemployment appears in all their forms: short time working, structural unemployment, long term unemployment.
Even countries we thought safe, have seen an upsetting unemployment rate and no part of society is spared. All kind of fields undergo this new burden. For instance the London bourse employed 31 000 persons, now they are no more than 9 000, a very alarming figure for the first financial place.
250 000 persons lost their employments in the American financial fields in 20 months and 55 000 just in New York City. You have already heard all this sad news? It’s maybe time to surpass the crisis and to think about the future. The world crisis can’t last eternally. Unfortunately even if we would like to imagine it, we can’t give a precise “the End” as for a movie.
A lot of economies depend on the American economy. The end of unemployment will tally with the come back of economic growth. Companies will reopen because the demand will be strong and they will need labor. Household consumption will increase, virtuous circle will start again. However it needs to find employment for more than 20 millions persons who lost their job!
Some countries will leave this crisis with a lot of damage and rebuild their economies. It will ask for strong efforts and important cohesion but it will be a “happy end”!
Tags: american economy, bankrupt, companies closing down, London bourse employed, unemployment, world economy crisis