Yes I do believe we are in a economic crisis
due to the financial crisis he now lives in the gutter
During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
Lending to people who weren't able to re-pay the money.
During times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
NO
LDC debt crisis is where countries can't meet their global financial obligations thus the country is bankrupt. Greece is now in its 5th year
One of the most important reasons for this crisis in my opinion is developed countries' huge lock out of funds in arms of massive destruction which we know are thousants of trilions of dollars , now laying idle , following the race of arming. Definintely , this would have its impact on the crisis .
Right now its moving towards recession, its financial sector which is a major contributor to its GDP took heavy damage during the recent financial crisis.
The state of Illinois has a budget crisis. The Republican governor and the Democratic controlled legislature can not agree on how the state should be run.
The Dubai financial market is not looking very good right now. Considering the fact that there is civil unrest the market has now suffered and the community problems have reflected on their economic issues.
Everything is okay now with the crisis over.
The economic crisis, Barark Obama's presidency, and a bunch of other stuff , like the swine flu outbreak in the US.